The UK government has recently earmarked £2bn funding for 11 green hydrogen projects as part of the Hydrogen Allocation Round 1 initiative. While this news is positive, concerns have been raised regarding the absence of signed revenue support contracts between the government and project developers. Richard Cockburn from Womble Bond Dickinson acknowledges the government's support but highlights the industry's current challenges, citing uncertainties in market demand for green hydrogen and high input power costs. The 'Energising Tomorrow: Global Energy Transition Outlook 2025' report by Womble Bond Dickinson underlines that the industry is in a precarious phase. Despite this, the report reveals that green hydrogen, heat networks, and battery storage are the top investment priorities in the UK. The UK's commitment to green hydrogen projects signifies a step towards a sustainable energy future. The report also stresses the need for improved access to capital to drive investments in renewable energy projects.