I propose to take Questions Nos. 94 and 121 together.
Hydrogen, including hydrogen based fuels and derivatives, provides us with an incredible opportunity in Ireland. It provides the potential for long duration energy storage, dispatchable renewable electricity, the opportunity to decarbonise some parts of high temperature processing and a potential export market opportunity, given Ireland's offshore renewable energy potential. The Government has committed to targeting an initial 2GW of floating offshore wind, which will include projects available for green hydrogen production and other non-grid uses.
A hydrogen strategy for Ireland is being developed, with an anticipated completion timeline of Q2 2023. This strategy will set out the need for a robust safety and regulatory framework to be in place, as well as the need to ensure licensing and permitting procedures are in place to enable sustainable indigenously produced green hydrogen supply chains to develop.