Johnson Matthey will receive the loan, which is the largest for any hydrogen-focused UK company

A new partnership is looking to boost this number even further and show the key role FCEVs can play in the global transition to net zero

The company, based near Oxford, was a lithium-sulphur battery developer with assets that can be adapted for the manufacture of components for green hydrogen production

The announcement follows its opening of a new Battery Technology Centre, which it claims will help it develop new EV batteries, improving their range and charging rates

The funding will support the construction of a factory to produce cathode materials for EVs