3 HYDROGEN CONTRACTS FOR DIFFERENCE SIGNED
In the UnitedHydrogenLimited wrap-up last week, the first 3 Contracts for Difference (CfD) signing was registered, enabling a strike price of £9.49/kg over 15 years of pure green hydrogen production. This is part of DESNZ Hydrogen Production Business Model, which has been underwhelming up to now, having been initiated almost 3 years ago. 8 more contracts are due to be signed in 2025, said the LCCC (Low Carbon Contracts Company)run by the Government DESNZ. Then it will be possible to judge whether UK will hit its 10GW target by 2030. At present, green hydrogen production in UK is paltry and unlikely to make the grade.
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