Hydrogen mega-project set to create 24,000 jobs

News

Around 24,300 jobs are expected to be created following the announcement of Project HySpeed, a national effort to develop green hydrogen production hubs across the country.

Companies have joined forces for a landmark clean hydrogen mega-project which will inject £6.5bn of private capital into the economy
Companies have joined forces for a landmark clean hydrogen mega-project which will inject £6.5bn of private capital into the economy - HydraB Power

Project HySpeed involves a consortium of UK-based firms - including Centrica, Heidelberg, ITM Power, JCB, Johnson Matthey and National Gas – and plans to produce 1GW of capacity by 2030 and reduce CO2 emissions by one million tonnes a year.

Jo Bamford, executive chairman at the HydraB Power group which put forward the proposal, said: “Now more than ever the UK needs to stand on its own two feet, especially when it comes to our energy resources. Hydrogen offers us the opportunity to be energy secure and energy independent,” he said. “Our conversations with the Department for Energy Security and Net Zero have been hugely encouraging and we know the government is keen to support clean energy projects of this size.”

The project will aim to build a hydrogen ecosystem with hydrogen production hubs supporting local ecosystems and injecting hydrogen into the gas grid to enable UK-wide industrial decarbonisation.

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