Gaseous hydrogen is commonly stored under high pressures due to its low volumetric storage density. The safety concerns about its release and potential accidents, such as vapour cloud explosions, were of the highest importance in industries. This research work established a methodology for consequence analysis of compressed hydrogen releases, considering various stages of event escalation, including high-pressure gas release, gas jet dispersion, and overpressure evaluations. Specifically, compressed hydrogen release was defined as an under-expanded flow, characterised by a transition from sonic to supersonic velocities. The notional nozzle theory was employed to tackle the flow regime transition and provide revised nozzle size and gas velocity as inputs to the CFD model for gas jet dispersion. The model was validated against experimental results, exhibiting a good agreement with a deviation of less than 20%. The flammable gas mass in the cloud was determined using the dispersion model and then used for overpressure predictions. This approach proved to be more realistic than relying solely on the total hydrogen release amount. In a case study, release parameters such as release direction, wind speed and release hole size were investigated. It was observed that a downward release resulted in less gas dissipation, leading to larger overpressures compared to other release directions. Wind speed had a relatively lower impact compared to other parameters. The release hole size had the most significant influence on explosion overpressure, with the case of a larger release size (e.g., 50.8 mm) exhibiting a few hundred times higher of hazardous area compared to a small hole size (e.g., 3 mm).