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UK Oil & Gas Investments ( (GB:UKOG) ) has provided an announcement.
UK Oil & Gas PLC announced that its subsidiary, UK Energy Storage, received a report forecasting significant socio-economic impacts from its planned South Dorset hydrogen storage facility. The project could contribute £2.28 billion annually to the UK economy, support job creation, and play a key role in decarbonizing power generation, aviation, and marine sectors. However, the project is still in the engineering design stage and requires funding and regulatory approval.
More about UK Oil & Gas Investments
UK Oil & Gas PLC is a company operating in the energy sector, focusing on oil and gas investments. It is involved in the development of energy storage solutions through its subsidiary, UK Energy Storage, with a market focus on contributing to the UK’s green economy.
YTD Price Performance: -45.00%
Average Trading Volume: 145,847,181
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £1.82M
See more data about UKOG stock on TipRanks’ Stock Analysis page.
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