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UK Oil & Gas Investments ( (GB:UKOG) ) has provided an announcement.
UK Oil & Gas PLC has announced two Memorandums of Understanding with Portland Port Limited to develop a green hydrogen hub in Dorset. This initiative aims to generate and store green hydrogen, leveraging local renewable energy sources, and positions the company as a key player in the UK’s future hydrogen infrastructure, potentially securing government revenue support.
More about UK Oil & Gas Investments
UK Oil & Gas PLC operates in the energy sector, focusing on the development and storage of green hydrogen. The company, through its subsidiary UK Energy Storage, is involved in creating large-scale hydrogen storage solutions and renewable energy projects, particularly in Southern England, to support the UK’s decarbonization goals.
YTD Price Performance: -45.00%
Average Trading Volume: 121,948,045
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £1.82M
Learn more about UKOG stock on TipRanks’ Stock Analysis page.