Consortium plans 1GW of green hydrogen plants across the UK by 2030

A consortium led by JCB-heir Jo Bamford has announced plans to build 1GW of green hydrogen production capacity across the UK by 2030.

Dubbed Project Hyspeed, the consortium made up of Centrica, Heidelberg, ITM Power, JCB, Johnson Matthey and National Gas, has submitted proposals for the developments to the government.

According to documents submitted to the government, the consortium claims it could produce green hydrogen at a strike price of £5.96/kg ($7.84/kg) with “aggregated procurement of equipment and services, optimised power purchase and low-cost financing.”