Author: PPD Team Date: 24/12/2024
The Low Carbon Contracts Company (LCCC) has signed three hydrogen production contracts under Hydrogen Allocation Round 1 (HAR1), part of the UK government’s Hydrogen Production Business Model.
These initial agreements include the Cromarty, Whitelee, and West Wales projects, with a combined capacity of 31.8 megawatts (MW).
The Hydrogen Production Business Model offers long-term revenue support to hydrogen producers, reducing investment risks and fostering the hydrogen economy. It builds on the Contracts for Difference (CfD) scheme.
Under HAR1, eleven electrolytic hydrogen projects have been awarded, representing one of Europe’s largest commercial-scale allocations.