RE: Ocelot and Adrian11 Sep 2023 09:48
Oooohhhh, I can answer this one.
With respect to Hydrogen, although this Govt has made some spectacular mistakes, even they wouldn't be dumb enough to let a serial failure (i.e. SS) anywhere near Govt cash.
Equally, no institutional investor would let a serial failure like SS have any role in the project.
The UK needs large scale storage for those days when the wind isn't blowing (like over the weekend), but the salt cavity storage of Hydrogen will take a huge amount of investment upfront and at least 5 years infrastructure work (i.e. even after funding and planning permission has been obtained - so a decade away in practical terms) before the caverns can be available for usage.
Even then, priority will be given to storage projects on the East coast, as that is where most of the excess electrical power from offshore wind farms will be available.
With respect to HH, although some posters assert that work is being held up until after the SC case is adjudicated, even UKOG's own RNS statements prove that they are lying in this claim.
RNS of 23rd Feb 2023
UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that, as a necessary precursor to its planned Horse Hill-2z ("HH-2z") Portland formation water reinjection project, the Company has now installed three, shallow, groundwater monitoring boreholes at its 85.635% owned producing oil field.
RNS of 15th August 2022
Preparatory work towards converting HH-2z into a produced saline water reinjector continues.
In the meantime, production at HH continues it's long, slow decline and there is no sign of PPP's investment while their share remains suspended.