H2 Green is pleased to announce the signature of a strategic agreement with SGN Commercial Services, part of the SGN group.
H2 Green and SGN Commercial Services will together explore the potential of regenerating sites across Scotland and the south of England to create green hydrogen hubs.
These hubs would facilitate green hydrogen generation, storage and retail, providing access to a cleaner and greener alternative to diesel for buses and HGVs.
In a UK first, the parties are also exploring the feasibility for the green hydrogen, which would be produced on site, to be stored in redundant gas holders.
With SGN group’s extensive portfolio covering Scotland and the south of England, converting these sites would open a vast network of supply to hydrogen customers, such as hydrogen-powered HGV and bus operators, easing fleet operator range anxiety and lowering cost.
H2 Green and SGN Commercial Services have agreed an initial focus list of 30 potential hydrogen hub locations, and the companies will now work in collaboration to progress detailed technical and commercial diligence. Getech, a specialist in location analytics, is supporting this work.
The exclusive Memorandum of Understanding (MoU) agreement provides a path for the SGN Group to invest in any developments that result from this collaboration, affording both H2 Green and SGN scalable exposure to a high-value network opportunity in an exciting growth market.
The MoU advances H2 Green’s ongoing work to decarbonise the heavy goods vehicle (HGV) and bus markets, which currently produce one third of all transportation CO2 emissions in the UK & Europe.
Luke Johnson, CEO of H2 Green, said: “The hydrogen economy can be unlocked by providing access to the fuel on a national scale. No single company can do this in isolation – but by working collaboratively with forward-looking companies, such as SGN, we can lower costs sufficiently to bring the future forward ahead of any regulatory requirements.”
Marcus Hunt, Director of Commercial Services & Investments at SGN, said: “Hydrogen has a clear role to play in supporting decarbonisation and the delivery of Net Zero targets. SGN is a leader in the development of hydrogen as an alternative fuel source and this agreement demonstrates the Group’s commitment to supporting the delivery of a low carbon future.”
Notes to editors:
H2 Green Ltd is establishing a network of industrial land assets across the UK. Its model represents a shift from higher-cost, on-demand hydrogen production, to a system designed around surplus storage and optimised cost. H2 Green’s approach has the potential to reduce hydrogen costs by more than 20%.
H2 Green is working with infrastructure and technology companies, vehicle manufacturers and energy providers, to build a reliable hydrogen refuelling network, backed by large-scale storage.
Its collaborative approach is centred around a simple mission: to provide the customer with low-cost hydrogen and security of supply to enable their Net Zero transition.
For further information, please visit www.h2green.co.uk.
SGN Commercial Services is part of the SGN group, who own and operate the gas distribution networks in the south of England, across Scotland and in the west of Northern Ireland. We provide a wide-range of specialist and gas-related professional services, operating throughout the UK.
Our safety-first culture provides bespoke commercial services and green gas solutions to our clients, allowing them to better meet their business needs today and in the future.
Find our latest news on our website: www.sgncommercialservices.co.uk