The UK Labour government presented its first budget in 14 years, with Chancellor Rachel Reeves unveiling plans that exceeded expectations. The budget included 11 new green hydrogen projects under the first Hydrogen Allocation Round (HAR1) across different regions in the UK. The projects had been awaiting funding for around 10 months and were finally given the green light. Additionally, substantial investments were allocated to carbon capture and storage, as well as the National Wealth Fund. While the budget received positive feedback for its focus on green initiatives, concerns were raised regarding the impact of tax increases on the energy sector. Industry experts emphasized the importance of regulatory actions, infrastructure investments, and supply chain support for the success of these projects. CEOs in the energy sector highlighted the need for a strategic approach to advance electrolyser technology for green hydrogen production at scale. They also stressed the importance of addressing the skills shortage in the energy industry and enhancing the education system to support the transition to a low carbon energy system. Overall, the budget was viewed as a step in the right direction towards a greener future for the UK, but there were concerns about the potential negative effects of increased taxes and the removal of investment incentives on the energy sector's development and job protection.