SGN's extensive land portfolio stored in redundant gas holders29 Jan 2021 16:49
Getech and H2 Green's work has advanced significantly with the signature of a Memorandum of Understanding ("MoU") between H2 Green and SGN Commercial Services ("SGN"), which is a part of the SGN Group, one of the UK's largest gas network operators. MoU focused on the regeneration and redevelopment of SGN's extensive land portfolio to create green hydrogen hubs to facilitate hydrogen generation, storage and retail for buses and HGVs.
An initial focus list of 30 potential hydrogen hub locations has been agreed.In a UK first, the parties are also exploring the feasibility for green hydrogen, which would be produced on site, to be stored in redundant gas holders.
Getech option to acquire H2 Green.To further oversee this initial investment, Getech's Chairman, Stuart Paton, has been appointed as Chairman of H2 Green and Jonathan Copus, Getech's CEO, is to be appointed as a Non-Executive Director of H2 Green.