Equinor Wants UK Funding For 1.2 GW Low-Carbon Hydrogen Plant

Equinor Wants UK Funding For 1.2 GW Low-Carbon Hydrogen Plant
Grey metal Technological tubes and pipelines with arrows and Hydrogen signs. Close-up. Petrochemical industry. Oil refinery and gas processing plant.

In an effort to further reduce carbon emissions in northeast England, Norway’s Equinor has submitted a funding bid for the construction of a second major low-carbon hydrogen production plant, Reuters reported.

Although 50% of this application is privately funded, the partners have submitted a bid of 16.4 million pounds ($19.97 million) to the British government’s Net Zero Hydrogen Fund

A successful bid would represent the government’s vote of confidence, but more private and public investment would be needed before making a final investment decision, which is anticipated to happen in 2025, according to a spokeswoman for Equinor.

This year, Equinor put up a funding proposal for the neighboring H2H Saltend project, which has a 0.6 GW hydrogen capacity.

According to Equinor, the two projects may collectively produce 18% of Britain’s goal of 10 GW of hydrogen production capacity by 2030.


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