14 Nov 2023
As flagged in our article, Energy Act 2023: The countdown to net zero', the regulatory framework for hydrogen production, transport and storage in the UK has taken a large step forward. The introduction of this framework took longer than had been hoped by hydrogen developers. It is however a welcome milestone on the journey to providing a stable regime for attracting the investment needed if the UK government is to reach its target of delivering up to 10GW of low carbon hydrogen production capacity by 2030. The Energy Act 2023 (the Act) was followed quickly by publication of the draft Hydrogen Production Revenue Support (Directions, Eligibility and Counterparty) Regulations 2023 as the UK government starts to bring in the implementing regulations.