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SSE Sse Plc

1,709.50
13.50 (0.80%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Sse Plc LSE:SSE London Ordinary Share GB0007908733 ORD 50P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  13.50 0.80% 1,709.50 1,714.00 1,715.00 1,730.00 1,699.00 1,703.00 2,143,096 16:35:05
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Electric Services 12.49B -60.6M -0.0555 -309.01 18.74B

Equinor and SSE Develop Plans for UK Hydrogen Storage Facility

15/07/2021 2:30pm

Dow Jones News


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   By Dominic Chopping 
 

Norwegian energy group Equinor ASA said Thursday that with British energy company SSE PLC's Thermal unit they are developing plans for a hydrogen storage facility at their existing Aldbrough site on the East Yorkshire coast, in the north of England.

The existing Aldbrough gas storage facility, which was commissioned in 2011, is co-owned by SSE Thermal and Equinor, and consists of nine underground salt caverns.

Upgrading the site to store hydrogen would involve converting the existing caverns or creating new purpose-built caverns to store the low-carbon fuel, Equinor said.

Aldbrough hydrogen storage would have an initial expected capacity of at least 320 gigawatt hours, and the facility could be storing low-carbon hydrogen as early as 2028, it said.

"As increasing amounts of hydrogen are produced both from offshore wind power, known as 'green hydrogen', and from natural gas with carbon capture and storage, known as 'blue hydrogen', facilities such as Aldbrough will provide storage for low-carbon energy," Equinor said.

Aldbrough Hydrogen Storage, and the partners' other hydrogen projects in the region, are in the development stage and final investment decisions will depend on the progress of the necessary business models and associated infrastructure.

 

Write to Dominic Chopping at dominic.chopping@wsj.com

 

(END) Dow Jones Newswires

July 15, 2021 09:20 ET (13:20 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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