Business
H2 Green Project Selected for Government Grant
H2 Green Project Selected for Government Grant.
About this update from Getech Group Plc
[{"type":"text","content":"\n \n \n 30 March 2023\n \n \n \n \n \n \n \n \n \n \n Getech Group plc\n \n \n \n (\"Getech\" or the \"Company\")\n \n \n \n H2 Green's Hydrogen Hub Project Selected for £0.5m Government Grant\n \n \n \n Getech (AIM: GTC), the geoenergy company and owner of hydrogen developer, H2 Green, is pleased to announce that H2 Green's leading Inverness Green Hydrogen Project has been selected for a £0.5m UK Government grant from its Net Zero Hydrogen Fund - Strand 1 Development Expenditure. The award follows on from the UK Government's long-term commitment to the renewable energy sector in the recent budget.\n \n \n H2 Green is developing a major green hydrogen hub in central Inverness, comprising green hydrogen production, storage and dispensing, and new onsite renewable energy generation. It will initially provide green hydrogen directly to key Scottish rail, bus, and HGVs transport customers, supporting their decarbonisation strategies.\n \n \n This is the first phase of H2 Green's cost-effective delivery of a green energy Highlands network and will also have the capability to distribute surplus hydrogen from the Inverness hub to a wider area. \n \n \n The hydrogen facility will scale from 6 MW of alkaline electrolyser capacity (equivalent to generate up to 2.5 tonnes of green hydrogen per day) to upwards of 10 tonnes a day (equivalent to 24 MW) over time. The facility will be powered by an array of renewable energy generation assets, comprising wind and/or solar PV and backed by grid-connected renewable energy supply. \n \n \n The grant will be used by H2 Green for development expenditure support for front-end engineering design (FEED) and post-FEED studies for the green hydrogen production facilities. H2 Green expects to immediately commence the project and draw down the grant in 2023. \n \n \n Richard Bennett, Getech Executive Chairman, commented:\n \n \n \"H2 Green has a clear vision to deliver a network of green hydrogen hubs across the UK aligned to the UK Government's ambition to deliver 10GW hydrogen production by 2030, with 5GW of that coming directly from green hydrogen. The grant reflects the strength of the project and will fund the development of a common design and engineering framework that will form the design base for the roll-out of the portfolio of projects.\"\n \n \n Dr Graham Cooley, H2 Green ...