In the UK, The Henry Royce Institute stated that the new Royce Hydrogen Accelerator (RHA) will unlock the UK’s hydrogen capabilities by identifying R&D opportunities in materials for hydrogen, attracting investment for them, and pulling them through the UK’s research and industrial community. The entity said that the acceleration was launched with the support of ministers in the Departments for Science, Innovation and Technology, Business and Trade, and Energy Security and Net Zero.
The Henry Royce Institute said it has designed the new hydrogen materials accelerator to channel opportunities through this ecosystem and advance the most critical hydrogen technologies within the UK. The RHA will directly unlock $190-254 million of funding by highlighting R&D opportunities in the hydrogen supply chain and presenting these as a compelling, de-risked prospectus to domestic and overseas investors.
The accelerator will engage a network of key voices from government, industry, academia and investment to identify and fund materials challenge areas that are constraining the hydrogen supply chain, the entity said.
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