Innovate UK and Innovate UK KTN will be hosting an online competition briefing webinar on behalf of the Department for Energy Security and Net Zero on 19 April 2023 to share details of round 2 of the Net Zero Hydrogen Fund (NZHF) strands 1 and 2. These competitions aim to develop a diverse and secure hydrogen economy fit for meeting the UK’s ambition of up to 10GW low carbon hydrogen production by 2030.
This event is to brief potential applicants on strands 1 and 2 of the NZHF, which cover development expenditure (DEVEX) and capital expenditure (CAPEX) support. Strands 1&2 will fund the development and deployment of new low carbon hydrogen production to de-risk investment and reduce lifetime costs.
Strand 1 will provide development expenditure (DEVEX) for front end engineering design (FEED) and post-FEED activities, to develop the pipeline of hydrogen production projects and measurably move them closer to deployment.
Strand 2 will provide capital expenditure (CAPEX) support for hydrogen production projects that do not require revenue support through the Hydrogen Business Model (HBM). Applicants for strand 2 must demonstrate how they will develop a credible project that will contribute to the at-scale production of low-carbon hydrogen by 2025.
Please join this webinar to hear more about the competition scope, timelines and key application criteria. There will also be an opportunity to ask questions to enable you to make informed decisions on the applicability of your project and to provide you with the best chance of success.