UK government announces millions in funding for 'low carbon' hydrogen production [CNBC]
ALSTOM UNSP/ADR (ALSMY)
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Source: CNBC
The U.K. government announced £28 million ($36.47 million) in funding on Tuesday for five projects focused on hydrogen production. The Hydrogen Supply program, as it's known, will focus on five "demonstration phase projects." These include what the government described as two "low carbon hydrogen production plants," one in the northwest of England and the other near Aberdeen, Scotland. There will be also be a scheme looking to use offshore wind power to produce hydrogen through electrolysis. The EU has described hydrogen as an energy carrier with "great potential for clean, efficient power in stationary, portable and transport applications." One of the benefits of using hydrogen fuel cells is that the only by-products are water va
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