Member Info for ocelot

... Hydrogen storage infrastructure will be critical in supporting the government's low carbon hydrogen production ambitions and the mission to achieve clean power by 2030. To enable this in the near term, hydrogen storage at scale will be required.

To support this ambition, the Department for Energy Security and Net Zero has started early strategic planning for a procurement or procurements for rights to store hydrogen in geological storage facilities, and support in remarketing/reselling those rights to end users.

The Department intends to commence early engagement with a range of potential suppliers in the geological hydrogen storage market to help inform the procurement strategy in a collaborative manner ...

We intend to hold a first meeting with interested suppliers on 11th December at 9.30am (subject to change) ...

UKEn: Lords Energy Minister Lord Hunt said: “The case for GB Energy is simple: it will invest in technologies such as wind, solar, tidal, hydrogen, nuclear, and carbon capture.” https://

UK ENERGY STORAGE LTD: Department for Energy Security and Net Zero (DESNZ) says: “Hydrogen storage will be critical in supporting the government's low carbon ambitions and mission to achieve clean power by 2030.”

https://www.contractsfinder.service.gov.uk/Notice/6e2aabee-9be3-4bb4-80ba-ea5daf165fe7

UKEn: As a long-standing member of DESNZ Hydrogen Storage Business Model Design Group, we receive direct Govt invitation to attend their Open Early Market Engagement process. We are delighted to accept.

In fairness, they can't do too much until the booster compressor has arrived, Bubblepoint. Expected to arrive in the UK "fairly soon" (from right at the beginning of KZ's interview of 21/11).

"... what is the forecast for completing the booster compressor and associated works etc etc.."

For the booster compressor, installation should be completed "towards the end of February/early March".

From right at the beginning of the interview with KZ of 21/11.

UKEn: In our view, onshore salt-cavern multi-TWh hydrogen storage projects present the only cost-effective and readily deliverable solution for large scale system storage and the cure for renewable intermittency.

UKEn: As a long-standing member of DESNZ Hydrogen Storage Business Model Design Group, we receive direct Govt invitation to attend their Open Early Market Engagement process. We are delighted to accept.

UKEn: Centrica report says hydrogen storage could reduce customer energy costs by £1bn per year by 2050. UKEn Dorset and Yorkshire will help address current shortage by providing up to ~20% of the UK needs.

UKEn: We concur with Centrica’s CEO’s view that “by providing a way to store excess electricity, hydrogen will be crucial … providing electricity when the wind doesn’t blow, and the sun doesn’t shine.”

Thanks to jammydodger2 on the rival site.

Think I got that wrong, no special resolution required.

It requires a special resolution to be carried to replace SS.

But there is no point suggesting his replacement without proposing the name of his successor and having an idea of the successor's remuneration pretensions.

To have any chance of success, it would probably be best to start by acquiring, say, a 15% chunk of the capital (maybe more, given management are likely to control 10% via the Employee Benefit Trust).

For information:

https://eh2.com/100mw/

We are considering a bid for the HAR (Hydrogen Allocation Round) 3 round in early 2025 and are testing investor interest to do so.

... Angus Energy has now explored the concept of producing green hydrogen using a modular 100MW plant developed by Electric Hydrogen using current and future wind farm power landed nearby, as illustrated below: ...

Our initial concept would be to sell up to 25mT of green hydrogen into the Humber Industrial Cluster to support its Net Zero plans. Other options include using the existing field and pipeline infrastructure to blend hydrogen into grid gas to represent up to 20% by volume or reinjecting excess hydrogen into the Saltfleetby field for future use.The flexibility of these options gives scope for the development of direct hydrogen demand while sustainably using and/or storing hydrogen for use in the current gas grid.

https://www.angusenergy.co.uk/about-us/business-model/

One things is for sure, “... the vital importance of hydrogen in decarbonising the UK’s energy system. By providing a way to store excess electricity, hydrogen will be crucial to managing more intermittency."

Chris O’Shea, Group Chief Executive of Centrica

In fact, because of the strengthening of the $, it looks as if spot gold is very close to an all-time high in £s.

The government seeks investment from the private sector.

The private sector is ready and willing but needs regulatory certainty which the government alone can provide.

This is the key to Centrica's pitch: to unlock their proposed £2bn investment in Rough, they need to be able to limit the financial risk with a "cap and floor model for the asset".

Centrica has offered to invest £2bn in upgrading and redeveloping the Rough gas storage facility. The site is currently responsible for 50% of the UK’s gas storage but requires significant investment to enable it to store hydrogen. To unlock the £2bn investment in the facility, Centrica requires a cap and floor model for the asset, similar to the model used for other forms of long-duration energy storage. If the facility had been able to operate at maximum capacity over the peak of the energy crisis (a scenario unreachable without regulatory certainty) it would have saved UK consumers over £5bn.

After the decline following Trump's election and the strengthening of the $, gold has climbed back into the $2,700s this morning:

https://www.kitco.com/charts/gold

Maidit,

2 trades of 125m went through. They relate to 19/11 and correct a trade price (click on "UKOG Share Price" in the top left-hand corner above and scroll down to volume).

Topshot,

Centrica make the case for both salt caverns and depleted gas fields but, as one might expect, do make a pitch on behalf of their own offshore facility, Rough:

It (the report) concluded that both salt caverns and depleted gas fields will be required for hydrogen storage, with salt caverns being used for short term responses, and depleted gas fields, such as Rough, used for longer term storage. The modelling illustrates how both types of storage would work together to ensure hydrogen was in the right place, at the right time.

Https://www.centrica.com/media-centre/news/2024/large-scale-hydrogen-storage-sites-could-reduce-customer-energy-costs-by-as-much-as-1bn-per-year/

Https://www.centrica.com/media-centre/news/2024/large-scale-hydrogen-storage-sites-could-reduce-customer-energy-costs-by-as-much-as-1bn-per-year/

https://chamberuk.com/developing-the-uks-hydrogen-economy/