XM does not provide services to residents of the United States of America.

Britain's gas network ready for hydrogen fuel, report says



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>Britain's gas network ready for hydrogen fuel, report says</title></head><body>

LONDON, July 24 (Reuters) -Britain's national gas network is ready to accommodate hydrogen as a fuel to power homes and industry, a report based on a trial carried out by National Gas showed on Wednesday, which owns and operates the gas transmission network.

Replacing natural gas with hydrogen is viewed as a way to help reduce carbon emissions and dependency on fossil fuels.

The previous UK government supported blending up to 20% of hydrogen by volume in the gas distribution network if enabled.

The trial tested the blending of hydrogen into previously operational assets from the national transmission network over the last 12 months, scaling from a 2% blend of hydrogen with natural gas up to 100%.

A report based on the trial's findings showed there were "no issues" during the first phase of the project and no major obstacles to repurposing the network for hydrogen.

The project has now moved into its second phase, which will look into the challenges associated with the compression of hydrogen using existing assets – including demonstrating the potential to repurpose gas turbines for hydrogen use at compressor stations.

"Today’s report presents a promising picture on hydrogen blending, which can help the government meet its ambition of making the country a clean energy superpower as we progress to 100% green hydrogen, and all while using our existing infrastructure," said Jon Butterwork, chief executive of National Gas.



Reporting by Nina Chestney; Editing by Susan Fenton

</body></html>

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.