Displaying items by tag: Project HySpeed

UK: A consortium led by HydraB Group - including Hygen Energy, Ryze Power, HYCAP Group and Wrightbus -has submitted proposals to the UK government for the development of Project HySpeed. The project targets 1GW of green hydrogen production capacity by 2030. The €7.6bn project aims to develop a national network of hydrogen production hubs to fuel energy-intensive industries like steel, glass and cement production,via the gas grid.

Project HySpeed, which is also backed by a large private-sector coalition that includes Centrica (owner of British Gas), JCB, Johnson Matthey, Heidelberg Materials UK, ITM Power and National Gas, aims to cut CO2 emissions from heavy industry by 1Mt/yr.

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), during which the government expects to support up to 875MW. It previously allocated €2.23bn of funding for 11 large-scale green hydrogen projects under HAR1.