While my Department has not yet directly allocated funding to accelerate green hydrogen delivery, we are actively developing a dedicated funding scheme for early projects.
Action 2 of the National Hydrogen Strategy specifically provides for the establishment of an early hydrogen innovation fund to support demonstration projects across the hydrogen value chain. My Department has commissioned KPMG to support the development of the Strategic Assessment and Preliminary Business Case for the hydrogen demonstration fund, which are required for the first approval stage under the Infrastructure Guidelines and are critical for developing the strategic case for capital investment funding proposals. This piece of work will assist my Department in progressing through the subsequent approval stages including detailed fund design.
The demonstration fund will aim to kick-start the deployment of green hydrogen deployment in Ireland and will contribute to decarbonisation of Ireland's economy and enhance our energy security. My Department is working to deliver the hydrogen demonstration fund by 2027.