UK Oil & Gas PLC Expands with Second Dorset Hydrogen Storage Site
Key Ideas
- UK Oil & Gas PLC's subsidiary secures land for a second hydrogen storage site in Dorset, aligning with the UK's decarbonization goals by 2030.
- The site's location near the proposed H2 Connect hydrogen pipeline enables direct access to the Solent Cluster and southern UK hydrogen network.
- Each site aims to provide a significant portion of the UK's 2050 hydrogen storage demand, reflecting a proactive approach to sustainable energy solutions.
- The Company plans to apply for government Revenue Support and proceed with necessary works for a planning application, emphasizing commitment to renewable energy development.
UK Oil & Gas PLC, through its subsidiary UK Energy Storage, has announced the acquisition of land and subsurface mineral rights for a new underground salt-cavern hydrogen storage facility in Dorset. This strategic move aligns with the UK government's target to decarbonize the power system by 2030. The site's proximity to the planned H2 Connect hydrogen pipeline ensures efficient connectivity to the wider hydrogen network in southern UK. Each storage site is projected to meet a significant portion of the UK's 2050 hydrogen storage demand, indicating a proactive contribution to sustainable energy solutions. The Company plans to secure government support and initiate planning works to advance the project further, emphasizing a commitment to renewable energy infrastructure development.