Part 2: Carbon dioxide capture, storage etc and hydrogen production, transport and storage Chapter 1: Revenue Support Contracts Section 65: Designation of hydrogen production counterparty
Section 65 makes provision for the Secretary of State to designate a person by notice, with the consent of that person, to be a counterparty to hydrogen production revenue support contracts. A hydrogen production counterparty will enter into and manage contracts with eligible low carbon hydrogen producers.
	Subsection (5) provides that more than one hydrogen production counterparty may be designated at one time.
	Subsection (6) deals with the continuity of hydrogen production counterparties. If the designation of a hydrogen production counterparty were to lapse, the Secretary of State must, as soon as reasonably practicable, make a transfer scheme under section 86, transferring contracts to a new hydrogen production counterparty. This is designed to ensure that where a hydrogen production counterparty ceases to be designated the contracts are transferred to a new hydrogen production counterparty.
	Subsection (7) defines "low carbon hydrogen producer" and "greenhouse gas".
	Subsection (8) makes clear that for the purposes of the definition of "low carbon hydrogen producer", carrying on hydrogen production activities in the United Kingdom includes such activities in, above or below the territorial sea adjacent to the United Kingdom and waters in a Renewable Energy Zone.