Hydrogen Transport Business Model: market engagement on the first Allocation Round
Consultation description
In our minded-to publication, we aimed to provide an update on the Hydrogen Transport Business Model (HTBM) by the end of 2023. The purpose of this document is to provide that update on our work to date – specifically on when and how the first round of a HTBM allocation process might work. It sets out our current views on:
- potential timelines and steps
- eligibility and assessment criteria
- potential evidence requirements for future first-round applicants to the HTBM
- our proposed Transport and Storage Cohort Assessment: how government may appraise the applications we receive in conjunction with applications to the Hydrogen Storage Business Model for support for storage facilities
This update is intended to provide industry with an insight into our current thinking on the first allocation round and seek stakeholder feedback.
It should also provide projects developing hydrogen transport infrastructure with reassurance that the design of the HTBM is progressing and early sight of when projects, looking for HTBM support via the first allocation round, might need to be ready to apply.