Written question asked by Lord Naseby (Conservative) on Tuesday, 18 November 2025, in the House of Lords. It was due for an answer on Tuesday, 2 December 2025. It was answered by Lord Whitehead (Labour) on Tuesday, 2 December 2025 on behalf of the Department for Energy Security and Net Zero.
Hydrogen: National Wealth Fund
- Question
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To ask His Majesty's Government what steps they are taking to ensure National Wealth Fund investment benefits increase research and development in the UK hydrogen and fuel cell technology manufacturing sector.
- Answer
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The NWF is the Government’s principal investor and policy bank with operational independence and a total £27.8bn to catalyse private investment in capital intensive projects. The NWF will commit at least £5.8bn over this Parliament to green hydrogen, carbon capture, ports, gigafactories and green steel sub-sectors.
To crowd investment into supply chains, the Government has announced a £1bn Clean Energy Supply chain fund aligned with the Clean Energy Industries Sector Plan and a £4bn British Business Bank Industrial Strategy Growth Capital initiative. DESNZ has also spent around £160m from the now complete £1bn Net Zero Innovation Portfolio on hydrogen R&D.
Secondary information
- Type
- Written question
- Reference
- HL12053
- Session
- 2024-26
- Subjects
- National Wealth Fund Research Hydrogen Fuel cells
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2025-12-02 17:17:54 +0000
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/lords/2024-26/HL12053
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/lords/2024-26/HL12053
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/lords/2024-26/HL12053