Sustainable Ventures, Europe’s largest climate tech hub, has been chosen to deliver a government-backed hydrogen revolution in Manchester.
A partnership with CPI – an independent technology innovation catalyst – will help innovative hydrogen startups scale over 12 to 18 months using £1.5 million of private investment.
Sustainable Ventures will find customers for the startups and aim to land contracts worth £5 m by the end of the accelerator scheme.
The programme – commissioned by the Hydrogen Innovation Initiative consortium – will provide a template for future hydrogen investment and ideas.
The Government has identified hydrogen as a key sector which could unlock 12,000 jobs and £11 billion of investment by 2030.
The new partnership will highlight the viability of hydrogen potential in the UK and make the North West a hydrogen hub.
This forms part of Sustainable Ventures’ expansion into the North West, with Manchester serving as the launchpad for its activities. Manchester is home to a thriving climate tech hub and the initiative will boost investment and green…
