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H2 Energy project is one of 11 to benefit from UK governments hydrogen support mechanisms
H2 Energy Europe has been awarded government funding for its 20MW electrolytic hydrogen production facility at the port of Milford Haven, Wales.
H2 Energy Europes project has been chosen for financial hydrogen support as part of the UK governments Hydrogen Business Model and Net Zero Hydrogen Fund.
The UK aims to establish up to 10GW of low-carbon hydrogen production by 2030, with at least half of production anticipated to come from electrolytic hydrogen, drawing on the scale-up of UK offshore wind, other renewables and nuclear energy.
The funding agreement is anticipated to be signed in January 2024 and planning permission for the facility has already been granted.
The Final Investment Decision (FID) is expected in the first quarter of 2024, with
H2 Energy Europe project director Julian OConnell said: "We very much welcome the support that the UK government and Pembroke County Council have given to our project. The interest that weve already received from local industry means we are already reviewing the opportunity to scale-up the facility."
The green hydrogen produced at Milford Haven will fuel a variety of applications across south Wales including shipping and industrial power.
It will also serve as a chemical feedstock, underscoring the versatility of green hydrogen in supporting diverse industries, including major local companies like Sofidel, a producer of tissue paper.
Sofidel UK country operations manager Giuseppe Munari said: “The UK governments support is fundamental in this transition."
Other successful projects include a 10.6MW electrolyser being developed by HYRO (Octopus Energy Generation and RES JV) with offtaker partner Kimberly-Clark.
Co-head of Octopus Energy Generation’s fund management team Alex Brierley added: “This is a major milestone as this funding will enable HYRO to roll out green hydrogen projects at scale in hard-to-electrify industrial processes.
“We’ve got a big pipeline of projects to help even more industrial businesses decarbonise - and we’re on track to invest billions in this sector.” |
