Storegga plans for a 300MW hydrogen plant to decarbonise industry in Scotland's Highlands region are making progress as a final investment decision on a first phase for 30MW is scheduled at the end of this year and the full 300MW phase is on track for 2030.While the start date for the Cromarty Firth project in north of Inverness has slipped from 2024, developers have increased ambitions to a 300MW regional hub after first 30MW phase was oversubscribed in terms of demand. Storegga has lined up deals with eight buyers, mostly distilleries that will replace fossil fuels with hydrogen for making steamThe Cromarty hub is being developed by utility Scottish Power and 2020-founded Storegga, whose backers include Singapore's sovereign wealth fund GIC, Japanese conglomerate Mitsui, Australian financial services firm Macquarie Group, and Italy's energy infrastructure group Snam.
Storegga plans for a 300MW hydrogen plant to decarbonise industry in Scotland's Highlands region are making progress as a final investment decision on a first phase for 30MW is scheduled at the end of this year and the full 300MW phase is on track for 2030.While the start date for the Cromarty Firth project in north of Inverness has slipped from 2024, developers have increased ambitions to a 300MW regional hub after first 30MW phase was oversubscribed in terms of demand. Storegga has lined up deals with eight buyers, mostly distilleries that will replace fossil fuels with hydrogen for making steamThe Cromarty hub is being developed by utility Scottish Power and 2020-founded Storegga, whose backers include Singapore's sovereign wealth fund GIC, Japanese conglomerate Mitsui, Australian financial services firm Macquarie Group, and Italy's energy infrastructure group Snam.
