The HySpeed consortium, led by HydraB Power and consisting of companies like Centrica, ITM Power, and Johnson Matthey, announced plans to build 1 gigawatts (GW) of green hydrogen capacity by 2030 in the UK. This ambitious project will involve an investment of £6.5 billion and the construction of 16 plants across the country, with the hydrogen produced being supplied to various sectors through the gas grid. The consortium aims to achieve a hydrogen strike price below £6/kilogram (kg) and is strategically selecting production sites near areas of high industrial demand to cut transportation costs. Industry leaders, including Chris O'Shea of Centrica and Dennis Schulz of ITM Power, believe that a collaborative consortium approach is key to scaling up the UK's green hydrogen economy. This announcement follows the UK government's shortlisting of 27 projects for its green hydrogen subsidy scheme, indicating a growing momentum towards green hydrogen initiatives in the country. The HySpeed project has the potential to significantly reduce costs and make hydrogen deployment feasible for both the public and private sectors, contributing to the overall energy transition and economic development in the UK.