Lendus.

Hydrogen Equipment Finance

Finance hydrogen electrolysers and fuel cell systems from £100,000 to £3,000,000+, for on-site green hydrogen production and power. HP, lease, or refinance, compare rates from 40+ lenders.

Can you finance a hydrogen equipment?

Yes, hydrogen equipments are financed as a standard asset purchase, usually on hire purchase or a lease, with the machine itself acting as the security. UK prices typically run £100,000 to £3,000,000, and most deals are written over 12–84 months with a deposit of around 10–20%. Decisions typically take 24–48 hours. Used machines are financeable too, usually with a shorter term.

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2-minute application
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Typical Cost

£100k – £3000k

Approval Speed

24–48 hours

Feasibility study recommended before finance

Rates From

5.8% APR

What would a hydrogen equipment cost per month?

£600,000
10%
60 months
9%
£0

Your estimate

Indicative only. Not a quote and not an offer of finance.

Pre-filled with a typical hydrogen equipment price. Indicative only, not a quote.

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Finance options

Hire Purchase (HP)

Rate
From 6.2% APR
Term
12–84 months
Deposit
10–20%
Ownership
Yours at the end
Best for
Businesses wanting to own the equipment and any hydrogen output

Finance Lease

Rate
From 5.8% APR
Term
12–84 months
Deposit
None required
Ownership
Return or buy (balloon payment)
Best for
Tax-efficient, claim 100% of payments against profit

Operating Lease

Rate
From 6.8% APR
Term
24–60 months
Deposit
None required
Ownership
Return at end
Best for
Off balance sheet for early-stage decarbonisation technology

Representative example

On a purchase price of £600,000: a 10% deposit of £60,000, then 48 monthly payments of £12,657 at 5.9% APR representative (fixed). Total amount payable £667,536, including the deposit. The rate you are offered depends on your business and the asset.

What buyers actually specify

Guide prices for sizing a finance agreement, not quotes. Manufacturers in this market mostly price on application, so where a current UK list price could not be confirmed the row describes a specification class rather than naming a model. Your supplier quote is what the agreement is written against.

Machine or specification Guide price Type
100kW PEM Electrolyser (Containerised) £90,000 – £140,000 Small Commercial Electrolyser
1MW PEM Electrolyser Skid (ITM Power-class) £850,000 – £1,100,000 Mid-Scale Electrolyser
Fuel Cell CHP Unit (100kW class) £180,000 – £280,000 Stationary Fuel Cell
Hydrogen Storage & Dispensing Skid £150,000 – £400,000 Storage & Dispensing

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Tax benefits

Hydrogen production and fuel cell equipment generally qualifies as plant and machinery for capital allowances, so a business can typically set some or all of the cost against taxable profits through the Annual Investment Allowance or other first-year reliefs, subject to your total qualifying spend for the year. Given how quickly hydrogen policy and funding support are evolving, confirm current treatment and any available grant support directly with your accountant, gov.uk or a specialist hydrogen advisor rather than assuming a previous scheme still applies.

Market context

This is an early-stage, higher-cost equipment category, and the realistic buyer is generally a business with a specific, well-defined use case already identified, such as producing green hydrogen for its own fleet, a nearby industrial process, or blending into a gas supply, rather than a general decarbonisation aspiration. Electrolyser cost scales roughly with capacity but also depends on electrolyser technology (PEM versus alkaline), and a project's viability rests heavily on the cost and availability of the electricity used to run it, since electrolysis is an energy-intensive process; a specialist feasibility study covering electricity supply, water supply, storage and end use is a realistic precondition before financing rather than an optional add-on.

Bad credit?

Several of our 200+ lenders specialise in businesses with imperfect credit histories. You may need a larger deposit or personal guarantee, but options exist. Checking your options here does not affect your credit score, because we do not run a credit search to match you. A lender will run their own checks only if you decide to apply.

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Frequently asked questions

What determines whether a hydrogen project is viable for my business?
Mainly the cost and availability of electricity to run the electrolyser, since producing hydrogen is energy-intensive, along with having a clear, reliable end use for the hydrogen produced, whether that's your own vehicle fleet, an industrial process, or a nearby buyer. A specialist feasibility study covering your electricity supply, expected running hours and end-use demand is the right starting point before committing to equipment, since viability varies enormously by site and use case.
What's the difference between PEM and alkaline electrolysers?
PEM (proton exchange membrane) electrolysers are generally more compact and respond quickly to variable power input, which suits pairing with variable renewable generation like solar or wind, but typically cost more per unit of capacity. Alkaline electrolysers are a more established, generally lower-cost technology but respond less flexibly to variable power. Which suits your project depends on your power source and how the hydrogen will be used, and is worth discussing with a specialist supplier.
Can hydrogen equipment be financed alongside solar or wind generation?
Yes, and it often makes sense to, since pairing an electrolyser with on-site renewable generation can reduce the cost of the electricity used for hydrogen production. Most lenders will consider funding the electrolyser and the generation asset as separate or combined facilities depending on the project structure, so it's worth discussing the full project scope with your finance provider rather than financing each element in isolation.
What deposit is needed for hydrogen equipment finance?
Given the scale and relative novelty of most hydrogen projects, deposit and security requirements are typically assessed on a bespoke basis rather than a fixed percentage, often starting from around 10–20% for hire purchase depending on the project's feasibility study, off-take arrangements and your business's track record. Specialist funders sometimes work alongside general asset finance lenders on larger projects. Newer businesses or those with a thinner credit file may be asked for a deposit toward the higher end of that range, while an established business with several years of accounts can sometimes negotiate it lower, so it's worth discussing your specific position with a broker before assuming a fixed figure.
How long does a hydrogen project take from finance to operation?
Considerably longer than most equipment finance, since hydrogen projects typically involve a feasibility study, safety and environmental permitting, and sometimes grid connection upgrades to supply the electrolyser, before installation and commissioning can begin. We'd recommend working with a specialist hydrogen project developer to map the realistic timeline before applying for finance, so drawdown is aligned with when the project is actually ready to proceed.

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