Scotland starts GBP-10m hydrogen innovation fund

The Scottish government on Monday launched its GBP-10-million (USD 12.2m/EUR 11.6m) Hydrogen Innovation Scheme to advance hydrogen technology, which will be delivered over the next four years.

The first round of funding will seek to provide capital to projects that support the low-cost, efficient and sustainable production of renewable hydrogen, as well as projects that contribute to hydrogen’s efficient storage, distribution and integration.

The Hydrogen Innovation Scheme was unveiled last year as the Scottish government published its draft Hydrogen Action Plan. It is part of the government’s pledge to invest GBP 100 million in hydrogen over the course of the current parliament. Scotland has a target of 5 GW installed hydrogen capacity by 2030 and 25 GW by 2045.

“Scotland has the resources, the people and the ambition to become a world leader in hydrogen production for both domestic use and for export to Europe,” reiterated Net Zero and Energy Secretary Michael Matheson.

“Our offshore wind resources, which will increase massively in the coming years, offer huge opportunity for the hydrogen sector to grow,” Matheson also said.

(GBP 1 = USD 1.223/EUR 1.158)

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