Chamber News
Scottish Government announces £10m investment in net-zero energy
28 June 2022 • Sarah Medcraf
New funding to drive innovation within the hydrogen sector and accelerate its production and storage has been launched by the Scottish Government.
The £10 million Hydrogen Innovation Scheme will provide capital support over the next four years . This aims to unlock additional private investment in the technology, and enable new companies to enter the sector.
The first round of funding will target:
- Projects that support the low-cost, efficient and sustainable production of renewable hydrogen
- Projects that support efficient hydrogen storage and distribution, both within Scotland and for export
- Projects that support the efficient integration of hydrogen into our energy system
The scheme is part of a Scottish Government commitment to invest £100 million in hydrogen over the course of this parliament. This is part of a wider £180 million package of investment in emerging energy technologies which will be delivered as set out in the updated Climate Change Plan.