RE: Centrica on hydrogen storage8 Jul 2025 11:03
"To deliver more gas storage, the UK urgently requires a regulatory model. By extending the cap and floor regulatory framework that has successfully enabled private investment in the UK energy interconnectors, Government can encourage investment in storage ...
Government should set a clear and tangible hydrogen storage target of 10TWh by 2030, which will help capitalise on its production target of 10GW. To drive forwards this ambition, Government should also expand the hydrogen storage business model to existing natural gas storage facilities.
We stand ready to invest £2bn repurposing Rough for hydrogen. A cap and floor regulatory support model would ensure operators use sites efficiently and consumers feel the greatest benefits.
Government can unlock the potential of hydrogen by ensuring hydrogen storage and hydrogen to power are just as important as hydrogen production. The UK’s hydrogen economy should aim for 10GW of hydrogen production, 10TWh of hydrogen storage and 10GW of hydrogen to power capacity".