RWE Support Boosts UK Oil & Gas Hydrogen Storage Projects
Key Ideas
  • RWE, a key player in the UK green hydrogen sector, has expressed support for UK Oil & Gas PLC's hydrogen storage projects in Dorset and Yorkshire.
  • The letter of support from RWE highlights the potential benefits of UK Energy Storage's projects in terms of firm hydrogen supply contracts, optimization of electricity cost, and smoothing of hydrogen production profile.
  • The support from RWE, along with similar endorsements from Sumitomo and SGN, will be crucial for UK Oil & Gas PLC's future applications for government hydrogen storage Revenue Support.
  • UK Oil & Gas PLC remains committed to advancing these strategic storage projects, emphasizing their potential positive impact on the UK's hydrogen economy and energy security.
UK Oil & Gas PLC has received a significant boost for its Dorset and Yorkshire underground hydrogen storage projects with a letter of support from RWE, a prominent global energy company. RWE's involvement in the UK green hydrogen space aligns well with UK Energy Storage's initiatives. The strategic location of RWE's planned green hydrogen plants near UK Energy Storage's projects offers the opportunity to store excess renewable power-generated hydrogen for future use. RWE's support emphasizes the advantages of UK Energy Storage's projects, such as facilitating firm hydrogen supply contracts, optimizing electricity costs, and acting as a buffer for hydrogen production. The company plans to leverage the support from RWE, Sumitomo, and SGN for upcoming applications for government hydrogen storage Revenue Support. Despite being in the early engineering design stage, the projects are seen as crucial to the company's future strategy. CEO Stephen Sanderson appreciates the support from RWE, emphasizing the potential positive impact on the UK's hydrogen economy and energy security. The endorsements from key industry players will not only aid in securing government support but also provide confidence to potential investors in the successful delivery of the projects.
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