This study examines the untapped potential of synergistically converting underground natural gas storage (UGS) into underground hydrogen storage (UHS) with co-located CO2 storage. Current approaches to subsurface storage technology (SST) development often prioritise single-use scenarios, overlooking the benefits of integrating multiple technologies. We investigate converting UGS assets into UHS through gradual cushion-gas injection over multiple years, rather than injecting all cushion gas in the first year, and include on-site CO2 storage to offset site emissions. Mechanistic modelling shows this gradual transition reduces the Levelised Cost of Storage (LCOS) of H2 by 1.2-13.1% while retaining energy output within 3% of the current status quo. We also show that combined UHS and CO2 storage hubs can reduce the LCOS of CO2 by 45-77% for only a 3-10% increase in hydrogen LCOS relative to the status quo. This analysis framework may help future-proof SST sites and support a resilient,...