- At the CBI, the Prime Minister called for the green industrial revolution the biggest opportunity to unite and level up the UK, with government and business working in partnership
For example, Northern Ireland based Catagen Ltd’s development of catalytic converters has helped vehicle manufacturers to reduce emissions. NanoSUN Ltd – a company based in Lancaster – develops and manufactures hydrogen refuelling products for customers in the oil and gas and transport sectors, with the support of the innovation loan helping them triple the number of high-skilled engineers they employ and prototype and demonstrate their products.
Thanks to innovation loans, 70% of surveyed businesses who were part of the pilot are now also offering customers greener alternatives to their existing products.
The Government has also confirmed today nearly £10 million in funding for a first-of-a-kind new hydrogen project in the UK’s largest onshore windfarm near Glasgow.
£9.4 million will be invested into the Whitelee green hydrogen project to develop the UK’s largest electrolyser, a system which converts water into hydrogen gas as a way to store energy and supply local transport providers with zero-carbon fuel.
Developed by ITM Power and BOC, with ScottishPower, it has the potential to store and produce the equivalent of enough green hydrogen to fuel over 200 bus journeys travelling between Glasgow and Edinburgh each day.
“We are investing in new projects to turn wind power into hydrogen and our net zero strategy is expected to trigger about £90 billion of private sector investment, driving the creation of high wage high skilled jobs as part of our mission to unite and level up across the country.”