Zenobe Energy is targeting an additional 500MWh of storage and 1,000 electric buses following a £150 million investment from Infrascapital, the infrastructure equity investment arm of M&G.
If the UK is to meet its new offshore wind target of 40GW by 2030, further funding and more frequency Contract for Difference (CfD) auctions will be needed.
UK Prime Minister Boris Johnson has announced £350 million worth of funding to help decarbonise industry, including dedicated funding for green hydrogen.
In a speech today in the Midlands, Prime Minister Boris Johnson has set out his “new deal”, however it has faced criticism for being conspicuously lacking in green investment.