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Net Zero Hydrogen Fund – Strand 2 – Capital expenditure (CAPEX)

Fund Name

Net Zero Hydrogen Fund – Strand 2 – Capital expenditure (CAPEX)

Project Length

6-27 months

Project Value




This competition will provide capital expenditure (CAPEX) to support low carbon projects to take a Final Investment Decision (FID) and begin deployment in the early 2020s. Your project must not require support from a hydrogen business model (these projects are covered in Strands 3 and 4 of the NZHF). This competition supports multiple hydrogen production pathways.


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Fund Details

Your project must address low carbon hydrogen production opportunities and must focus on construction of new low carbon hydrogen production facilities.

IUK expect credible projects to utilise one of the following hydrogen production types:

  • electrolysis
  • methane reforming
  • gasification

IUK want to fund a portfolio of projects, across this competition, based on:

  • geographical location
  • project scale and replicability
  • project cost and funding available
  • project timescales
  • hydrogen production technology type
  • hydrogen production commercial readiness
  • alignment with and contribution to wider cross-economy decarbonisation
  • environmental impacts
  • use of additional low carbon electricity
  • affordability considerations, for example, longer term cost to the taxpayer
  • projects awarded funding through related BEIS and UKRI competitions
  • offtaker type


Your project must:

  • have a total grant request of between £200,000 and £30 million
  • start by 1 January 2023
  • end by 31 March 2025
  • last between 6 and 27 months
  • carry out all of its project work in the UK
  • intend to exploit the results from or in the UK
  • meet the Draft Low Carbon Hydrogen Standard
  • be using core technology that has been tested in a commercial environment, Technology Readiness Level (TRL) 7 or more

To lead a project or work alone your organisation must be a UK registered business of any size

Academic institutions, research and technology organisations (RTOs), public sector organisations or charities cannot lead or work alone.

Talk to us today if you would like to apply for this opportunity.

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