HAR2 allocation round29 May 2025 16:41
I asked chatgpt...so not sure it is 100% accurate
The due diligence and cost assurance phase for Hydrogen Allocation Round 2 (HAR2) is scheduled to last approximately 10 weeks.
Given that the shortlist of 27 projects was announced on 7 April 2025, the due diligence phase is expected to conclude around mid-June 2025.
Following this phase, successful projects will proceed to the “Agreeing an Offer” stage, where they will negotiate contracts under the Hydrogen Production Business Model (HPBM). These contracts, known as Low Carbon Hydrogen Agreements (LCHAs), provide 15-year revenue support to bridge the cost gap between low-carbon hydrogen and higher-carbon alternatives.
It's important to note that the dates provided are indicative, and the Department for Energy Security and Net Zero (DESNZ) reserves the right to adjust the timeline as necessary.