UKOG’s Hydrogen Storage Project Secures Key Endorsement

UK Oil & Gas Investments (GB:UKOG) has released an update.

UK Oil & Gas PLC has announced that its subsidiary UK Energy Storage’s Dorset hydrogen storage project received a letter of support from The Solent Cluster, a major industrial group in southern England focused on decarbonization. This endorsement, which follows similar support from industry leaders, will aid the company’s bid for government hydrogen storage revenue support. The project is set to provide significant storage capacity and support the transition to sustainable energy sources in the UK.

For further insights into GB:UKOG stock, check out TipRanks’ Stock Analysis page.