Protium has acquired Storegga's green hydrogen portfolio in Scotland to increase its presence in the UK decarbonization market. The move focuses on scaling hydrogen production to support industrial emissions reductions.
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Acquisitions are fine, but I want to see the actual electrolyzer capacity and the grid connection status for these Scottish sites. Moving a portfolio on paper is easy, actually getting the power to the stack is where these projects usually stall.
True. It will be interesting to see if this deal was driven by specific UK subsidy shifts or if they are betting on a new carbon pricing mechanism to make the hydrogen actually competitive against grey alternatives.
Protium is basically vacuuming up hydrogen assets in the UK right now. It is a smart play to scale quickly, but the real test is whether they can find enough industrial off-takers to make the economics work without permanent government handouts.
Exactly. I am curious about the end use. If this is for heavy industrial heat, the infrastructure cost for delivery is often higher than the cost of the hydrogen itself. No mention here of the actual delivery pipelines.
