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UK Oil & Gas Investments ( (GB:UKOG) ) has issued an update.
UK Oil & Gas PLC has secured an additional £1 million investment to accelerate its hydrogen projects, following strong investor demand. This funding will support the company’s transition to clean energy by enabling engineering studies and collaborations necessary for government revenue support applications, and advance its hydrogen storage and generation initiatives in Dorset.
More about UK Oil & Gas Investments
UK Oil & Gas PLC is a company transitioning from the petroleum sector to focus on clean energy, specifically hydrogen storage and generation projects. Their market focus is on developing hydrogen infrastructure, including salt-cavern storage and electrolytic hydrogen generation, primarily in South Dorset and Yorkshire.
Technical Sentiment Signal: Hold
Current Market Cap: £5.47M
See more data about UKOG stock on TipRanks’ Stock Analysis page.