Quick answer
The Hydrogen Production Business Model (HPBM) is a long-term, contract-based revenue support mechanism that closes the gap between the cost of producing low-carbon hydrogen and the price hydrogen producers can achieve in the market. It underpins both electrolytic and CCUS-enabled hydrogen production projects and is the contractual basis used in the Hydrogen Allocation Rounds.
Funding amount
Price-stabilising revenue contract
Region
United Kingdom
Stage
Growth
Provider
Department for Energy Security and Net Zero
Eligibility
Developers of low-carbon hydrogen production projects in the UK that are selected through the relevant allocation process.
Industries
Objectives
Regions