BP (BP) has withdrawn its application for the H2Teesside hydrogen hub in northern England after a planned data center project created a conflict over the same site, The Wall Street Journal’s Adria Calatayud reports. The move clears the way for the competing data center development to proceed at the former steelworks location. “Due to material changes in circumstances on the Teesworks site, including a planning application being granted locally for a data center on the same piece of land, we have taken the decision not to progress the development of H2Teesside and have withdrawn our development consent order application for the project,” BP said.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BP:
- BP Announces Total Voting Rights and Share Capital as of November 2025
- BP Launches $750 Million Share Buyback Program
- BP,Shel,CVX: Oil Stocks Look Slicker as Ukrainian Drones Batter Russian Supply Lines
- Oil Glut Jitters Hit Crude — Can Energy ETFs Compete with Gold and Bitcoin?
- BP put volume heavy and directionally bearish