UK Oil & Gas PLC's subsidiary, UK Energy Storage, has signed two Memorandums of Understanding (MOUs) with Portland Port Limited to jointly pursue green hydrogen opportunities in Dorset, UK. The initiatives include the generation of 1GW of green hydrogen through imports at Portland Port and the production of green hydrogen via electrolysis within the port. This partnership aims to establish a material scale integrated green hydrogen energy hub that combines onshore underground storage, green hydrogen production, and connection to the wider UK. The proposed projects, including the utilization of UK Energy Storage's South Dorset storage site and the deep-water port facilities of Portland Port, are positioned to play a major role in decarbonizing the South and Southwest of England, as well as contributing to the UK's energy system. The plans also involve utilizing excess renewable wind power for electrolytic hydrogen generation and storage, enabling dispatchable power during periods of low wind or high electricity demand. The Company's Chief Executive, Stephen Sanderson, expressed enthusiasm for the potential impact of these initiatives on the national significance of UK Energy Storage's projects and its chances of securing government revenue support. The General Manager - Commercial of Portland Port, Ian McQuade, highlighted the port's commitment to becoming a leading renewable energy hub on the south coast through these hydrogen opportunities. The collaboration aligns with the UK government's ambitious target to decarbonize the power system by 2030 and establishes the groundwork for a prominent green energy and hydrogen hub in Southern England. The projects are strategically positioned to address the forecasted increase in hydrogen demand in the region by 2040.