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An announcement from UK Oil & Gas Investments ( (GB:UKOG) ) is now available.
UK Oil & Gas PLC has secured an additional £0.5 million in funding through a share placing to accelerate its hydrogen projects. This funding will support engineering studies and collaborations necessary for government revenue support applications, as well as progress a hydrogen generation and storage scheme in Dorset. The investment strengthens the company’s shift towards clean energy and enhances its potential for strategic partnerships in the hydrogen sector.
More about UK Oil & Gas Investments
UK Oil & Gas PLC is a company transitioning from the petroleum sector to focus on clean energy solutions. Its primary focus is on hydrogen storage and generation projects, particularly in South Dorset and Yorkshire. The company aims to advance its energy transition and secure a strategic position in the hydrogen market.
Technical Sentiment Signal: Hold
Current Market Cap: £8.12M
Find detailed analytics on UKOG stock on TipRanks’ Stock Analysis page.