First Hydrogen seeks UK govt grants for 80 MW of hydrogen projects

First Hydrogen Corp (CVE:FHYD) is seeking UK government support for two green hydrogen projects with an initial capacity of 40 MW each.

The company, which is based in Vancouver and London and is focused on designing zero-emission vehicles, said today it has submitted the projects for the initial funding round of the UK government's Net Zero Hydrogen Fund (NZHF).

The NZHF, worth GBP 240 million (USD 292m/EUR 279m), is part of the UK government's efforts to achieve its ambition of 10 GW of domestic hydrogen production by 2030, including at least 5 GW from electrolytic sources. First Hydrogen has applied for strand 1 of the fund to secure grant funding to undertake front-end engineering and design work and progress the projects to the pre-construction stage. Further strands are expected to provide support for construction and business model support.

The two projects are to be located in Carrington, in Greater Manchester, and in the Thames Estuary area, two regions with hydrogen growth strategies. They have received letters of support from the Thames Estuary Growth Board (TEGB) and from INOVYN, a subsidiary of INEOS.

Together the projects are expected to produce more than 7,100 tonnes of green hydrogen per year, helping to meet the hydrogen needs of the company's automotive customers.

(GBP 1 = USD 1.216/EUR 1.163)

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