UK Oil & Gas Plc (LSE:UKOG) has reported its full-year results for 2024, highlighting a strategic pivot toward clean power and hydrogen storage. The company will concentrate on hydrogen storage and generation projects in South Dorset and East Yorkshire, supporting the UK’s clean energy infrastructure and helping reduce reliance on natural gas. This transition positions UKOG to capitalize on the growing hydrogen economy while contributing to decarbonization efforts in major CO₂-emitting regions across the UK.
About UK Oil & Gas Plc
UK Oil & Gas Plc is an energy developer transitioning from traditional petroleum operations in the UK and Turkey toward clean power solutions. Leveraging its expertise in subsurface engineering and facilities management, the company is developing large-scale salt cavern hydrogen storage projects to aid the UK’s net-zero ambitions by 2050.
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