At a glance
Investing in an electrolysis facility in Herne Bay is an opportunity to enable green hydrogen production for fuelling agriculture, homes, and jobs. With planning permission granted for construction to start immediately, and for the power available on the grid by summer 2024.
Investment benefits & ROI
Funded by the primary applicant, the investment is recovered as new customers enter the area and take the rest of the capacity. Therefore this is a huge opportunity for an investor to gain ROI through unlocking further investment in homes and jobs through funding the initial upgrade, then recovering the investment as the businesses and local house builders take up the capacity with an additional profit contribution.
A substation upgrade by UK Power Networks would require a £15 million investment by National Power to add a Super Grid Transformer for the location. The upgrade would provide 250 MW capacity, this equates to a cost of around £62,500 per MW.
- Massive green infrastructure potential for jobs and new homes
- New viable businesses unlocked with new facilities
- Investment in skills, generating approximately 200 new jobs over 3 years
- New sites will be unlocked for bringing residential schemes forward near Herne Bay
- Increasing employment in the Herne Bay area
- Powers vertical farm agriculture
Kent and Medway in the Thames Estuary Region is strategically important in the production of hydrogen and food growing, processing and distribution.