New investment in future energy technologies

The Department for Business, Energy and Industrial Strategy has the following update.

To support the Energy Security Strategy, the government has announced a £375 million package of support for innovative energy technologies.

The funding includes £240 million to support the production of hydrogen as a clean, low-cost fuel for industry, £2.5 million to develop next-generation nuclear technology and a further £5 million towards research into carbon capture.

This investment will support research, development and deployment of these technologies and reduce reliance on expensive fossil fuels.