Low Carbon Hydrogen
Low Carbon Hydrogen will play an important role in the UK achieving Net Zero by 2050, by offering a solution to decarbonise carbon intensive industries.
The Government has set a target to deliver 10 GW of hydrogen production capacity by 2030 with up to 6 GW electrolytic production from alternative technologies also contributing towards this.
The Government has chosen the Contracts for Difference (CfD) framework for the delivery of the Hydrogen support mechanism.
The CfD has a proven track record of increasing investor confidence, with revenue stabilization mechanisms, wider protections, and an independent counterparty managing the contract, so it was the natural choice for the delivery of the Hydrogen support mechanism.
Our role
We have been advising government, using our expertise and deep understanding of the CfD mechanism to develop the Hydrogen Production Business Model and resulting Low Carbon Hydrogen Agreement, ensuring any learning is implemented to deliver an effective solution for all.
We are the counterparty to the Low Carbon Hydrogen Agreement. HAR1 Producers are entering into the Low Carbon Hydrogen Agreement and starting to build out their Hydrogen Production facilities.
Read more about the Low Carbon Hydrogen Agreement.
Latest news
LCCC announced as Counterparty for the Government’s Hydrogen Production Business Model
LCCC Signs First Contracts Under Hydrogen Allocation Round 1 (HAR1)
Low Carbon Hydrogen publications
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FAQs
View all frequently asked questions and our responses for our schemes and other resources.
