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UK Budget summary: Rachel Reeves’ plans for hydrogen and clean energy

October 30, 2024
By Matt Lister, Editor
UK Budget summary: Reeves’ plans for hydrogen and clean energy

With speculation running high around tax reform and fiscal balance in the lead-up to the UK’s latest budget, the Chancellor’s ambitions for clean energy have emerged as a focal point – especially regarding hydrogen.

Here’s what we know so far:

Chancellor Rachel Reeves announced a bold government commitment to establishing Britain as a “clean energy superpower”.

Part of this vision includes funding for 11 green hydrogen projects across England, Scotland, and Wales.

These projects, among the first commercial-scale hydrogen initiatives globally, are set to roll out in communities like Bridgend, East Renfrewshire, and Barrow-in-Furness.

The budget also promises a multi-year investment in carbon capture and storage, supporting Britain’s broader shift toward sustainable energy.

Stay tuned as we delve further into the budget’s impact on hydrogen and clean energy.