A consortium led by HydraB Group and including the UK green hydrogen producer Hygen Energy, Ryze Power, HYCAP Group, Wrightbus, has submitted proposals to the UK government for the development of the Project HySpeed, which targets 1 GW of green hydrogen production capacity by 2030. The GBP6.5bn (US$8.5bn) project aims at developing a national network of hydrogen production hubs to fuel energy-intensive industries such as steel, glass, and cement, via the gas grid. The project, backed by a large private-sector coalition including Centrica (owner of British Gas), JCB, Johnson Matthey, Heidelberg Materials, ITM Power, and National Gas, may cut CO2 emissions from heavy industry by 1 Mt/year.
Earlier in April 2025, the UK government shortlisted 27 electrolytic hydrogen projects to progress to the next stage of the Second Hydrogen Allocation Round (HAR2); the government expects to support up to 875 MW through this round. In November 2024, the UK had assigned a GBP2bn (US$2.6bn) funding package for 11 large-scale green hydrogen projects under its HAR1.