Reacting to Chancellor Rishi Sunak announcing measures for green growth in today’s Budget, Chris Jackson, CEO of Protium, the green hydrogen energy services provider, said:
“Protium is disappointed to see that the Government has not reflected on the advice from industry, including groups like the UK Hydrogen & Fuel Cell Association, to use this year’s Budget to put the UK green hydrogen economy on a solid foundation for growth.
“Alongside 100s of SMEs in the UK, Protium has worked hard to support organisations that are committed to net zero and has supported significant employment while catalysing private investment into the sector. Whilst we welcome the foundation of the UK Infrastructure bank in Leeds this will not provide the scale of investment the UK needs to capitalise on the hydrogen opportunity. Despite industry efforts, the Government has chosen not to support industry as partners in delivering a Budget that can catalyse further investment and support for the green hydrogen sector.
“We have voiced concerns before around a lack of government ambition and what that would mean in respect of lost momentum, jobs and investment in the UK as other international markets present more engaging pathways for companies in the green hydrogen sector. We hope that the Treasury will review their decision and engage with industry so that further opportunities to avoid the UK being left behind can be identified and delivered.”