The new Royce Hydrogen Accelerator 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, stated RHA. It is launching with the support of ministers in the Departments for Science, Innovation and Technology, Business and Trade, and Energy Security and Net Zero.
The #RHA will directly unlock £150-200m 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. These challenges will bridge a gap in the innovation landscape by moving lab-based materials research into proven technologies executed at scale. By doing so, a vital, lucrative, and global industry in green energy will be unlocked.
The RHA’s board will work dynamically to assess each of these challenge areas – processing them to create a pipeline of specific, de-risked opportunities that attract investors to the UK. This process will benefit from an experienced board of senior leaders in industry, finance, academia and government who have a deep understanding of advanced materials.
