A consortium spearheaded by HydraB Group, with members like Hygen Energy, Ryze Power, HYCAP Group, and Wrightbus, has presented plans to the UK government for Project HySpeed. This ambitious project aims to achieve 1GW of green hydrogen production capacity by 2030, focusing on supplying energy-intensive sectors such as steel, glass, and cement via a national network of hydrogen production hubs. With a budget of €7.6bn, Project HySpeed has garnered support from a significant private-sector alliance, including companies like Centrica, JCB, Johnson Matthey, Heidelberg Materials UK, ITM Power, and National Gas. The primary goal is to reduce CO2 emissions by 1Mt per year in heavy industries. Moreover, the UK government's commitment to hydrogen is evident as 27 electrolytic hydrogen projects have been shortlisted for advancement in the Second Hydrogen Allocation Round (HAR2), with a potential support capacity of up to 875MW. Previously, the government allocated €2.23bn to back 11 large-scale green hydrogen initiatives under the First Hydrogen Allocation Round (HAR1), showing a clear intent to drive forward the hydrogen economy and decarbonize various sectors.