Together, these powerhouses are spearheading an effort to ramp up the country’s hydrogen production capacity to 1GW by 2030—a move projected to slash carbon dioxide emissions by one million tonnes yearly. It dovetails with the government’s recently announced shortlist of 27 electrolytic hydrogen projects, part of an overarching roadmap to build a robust, low-carbon hydrogen economy. Establish regionally targeted hydrogen production hubs that stimulate local economies while feeding directly into the national gas grid. Regarding economic ripple effects, HySpeed is expected to generate £2 billion in annual Gross Value Added (GVA)—driven mainly by new hydrogen production facilities and the growth of localised supply chains. “Comprising all elements of the hydrogen value chain from production to storage, transport and distribution, the initiative aims to locate green hydrogen generation in strategic locations across the UK.
