Contributors

Richard Cockburn, partner at international law firm Womble Bond Dickinson, comments on the UK government’s announcement that it will provide funding for 11 green hydrogen projects:

"The Chancellor has confirmed £2bn of funding for 11 projects going through Hydrogen Allocation Round 1. However, there was no news about the relevant revenue support contracts being signed between the UK government and the developers. The revenue support would be available to projects after they have started producing green hydrogen.

“Our 'Energising Tomorrow: Global Energy Transition Outlook 2025' confirms that this is a sector which is going through a rocky period due to concerns about uncertainty of market demand for green hydrogen and high input power costs. This makes the confirmation of continued support welcome news for the UK hydrogen industry".


Womble Bond Dickinson's 'Energising Tomorrow: Global Energy Transition Outlook 2025' revealed that project investment priorities are diversified across various energy sources and geographies – and green hydrogen (46%), heat networks (43%) and battery storage (42%) are the leading priorities in the UK. 

Get more insights into 'improved access to capital' in the outlook here.