Centrica eyes Rough as world’s biggest hydrogen store
UK energy company in talks with government over £2bn plan to re-open natural gas storage site this winter and ultimately convert it to store hydrogen
Energy company Centrica is in “very encouraging” talks with the UK government over a £2bn ($2.4bn) proposal to restart the Rough offshore gas storage facility this winter and ultimately convert it into the world’s largest hydrogen storage sites, says CEO Chris O’Shea. Rough, a depleted gas field off England’s northeast coast that has been closed since 2017, has the potential to be a key enabler of the UK’s planned expansion of low-carbon hydrogen production capacity to 10GW by 2030, O’Shea told analysts on an interim earnings call. “We remain in active conversation with the UK government on the role this asset can play in the future of hydrogen, and we are very encouraged by the discussions,
Also in this section
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
15 November 2024
Danish electrolyser firm stays focused on US expansion plans amid policy uncertainty in wake of Republican election victory
11 November 2024
Presidency wants declaration from the talks to include specific measures on enabling hydrogen markets