UK Oil & Gas PLC (LSE:UKOG) has secured an additional £1 million in funding to advance its hydrogen projects, following strong investor interest. The capital will support engineering studies and collaborative efforts necessary for government revenue support applications, while also progressing the company’s hydrogen storage and generation initiatives in Dorset.
About UK Oil & Gas PLC
UK Oil & Gas PLC is transitioning from traditional petroleum operations to focus on clean energy, with an emphasis on hydrogen storage and generation. The company is developing hydrogen infrastructure, including salt-cavern storage and electrolytic hydrogen production, primarily targeting projects in South Dorset and Yorkshire.
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