RE: From UKOG's website posted on 05/0718 Jul 2024 10:29
That kind of revenue is a massive uptick from the current company valuation. This is going to fly on news.....they're already getting peer support and independent recognition of how valuable this project is.
"Translates to a new UK asset class potentially of ~£10+ billion, with potential £multibillion per year revenue market."
Initial hydrogen economy will be regional: decarbonisation requires clustered storage, production and demand. Only Dorset, E. Yorkshire and Cheshire salt basins suitable for large mainland salt-caverns. GOV/DESNZ supports underground salt-cavern storage as the most cost effective and readily deliverable large-scale energy storage solution.