Connect with us
DAPA Banner

Business

Energy giants unite for job-creating Humber hydrogen network

Published

on

Business Live

National Gas, Centrica, Equinor and SSE Thermal have joined forces to bid for £500m government funding to develop the UK’s first integrated hydrogen network in the region

An aerial Image of the Aldbrough Gas Storage facility in East Yorkshire. The facility is jointly operated by SSE Thermal and Equinox.

An aerial Image of the Aldbrough Gas Storage facility in East Yorkshire. The facility is jointly operated by SSE Thermal and Equinox.(Image: Stuart Nicol Photography/SSE Thermal)

Four energy giants have united in a bid to create the UK’s first crucial hydrogen network in the Humber region.

National Gas, Centrica, Equinor and SSE Thermal say thousands of jobs could be created by Humber Hydrogen.

Together, the major employers argue that nowhere else in Britain can rival the infrastructure, expertise and location required to establish the network. They maintain that by supporting the regional proposal the Government will be able to advance its broader industrial decarbonisation strategy, enhance competitiveness, and generate substantial numbers of jobs.

The consortium is submitting proposals under the Government’s Hydrogen Transport and Storage Business Model processes – a competitive process that will determine where Britain’s first integrated hydrogen network is constructed. The funding decision is scheduled to be made this year, and is anticipated to be worth approximately £500m.

Advertisement

The funds will establish the infrastructure that will underpin large-scale hydrogen deployment across the UK.

The companies are pooling their expertise in hydrogen transport, production, usage and storage to support plans for developing a first-of-its-kind coordinated hydrogen network in Britain, connecting projects across Yorkshire and Lincolnshire including locations such as Aldbrough, Easington, Saltend, Immingham and Keadby, to link hydrogen production with industrial customers and power stations.

Richard Gwilliam, chair of the Humber Energy Board, said: “Backing plans to deliver hydrogen infrastructure in the Humber in 2026 would be a game-changing decision from Government which would support the transformation of the region’s economy and enhance our critical role in providing energy security for the UK. This proposal, an essential part of long-held plans to create a low-carbon industrial cluster, is backed by experienced energy and infrastructure companies that are prepared to invest billions in the region, creating jobs and economic growth for decades to come.”

“Now is the time for the Government to unlock the region’s potential and re-energise the Humber.”

Advertisement

Multiple large-scale hydrogen schemes are planned for the Humber, including the H2H Easington and H2H Saltend hydrogen production facilities, alongside Aldbrough Hydrogen Storage. Combined, Easington and Saltend could generate up to 3GW of hydrogen, reports Hull Live.

The proposed infrastructure would also be ideally positioned to link with a national hydrogen transmission system being developed by National Gas, distributing hydrogen throughout the UK to industrial hubs.

Ian Radley, chief commercial officer at National Gas said: “We believe the Humber is the obvious choice to be the home of Britain’s first hydrogen network. Nowhere else in Britain can match what it offers in industrial demand, infrastructure, supply chains, geological storage and skilled people who can unlock Britain’s clean power potential.

“Together with our partners we’re bringing our expertise in transporting, manufacturing and storing hydrogen to keep the industrial heart of North East England beating.”

Advertisement

Kelly de Azevedo Dent, development director at SSE Thermal, commented: “The Humber is integral to the UK’s clean power and economic growth missions and becoming the country’s first Hydrogen network will help to unlock its potential. The region is home to a wide range of projects across the hydrogen value chain, with these projects crucial to delivering skills and jobs opportunities in the area – that is why we’ve come together as Humber Hydrogen to drive progress forward.”

Ian Livingston, head of UK Hydrogen and Ammonia at Equinor, added: “We’re proud to be part of the efforts to bring hydrogen infrastructure to the Humber and kick-start a new low-carbon economy in the UK’s most carbon intensive region. The geology, concentration of industry and existing skills base make this the natural home for the UK’s first hydrogen transport and storage network.”

Martin Scargill, managing director of Centrica Energy Storage + at Centrica stated: “Humber Hydrogen is a major opportunity for the UK to accelerate low carbon economic growth and strengthen its leadership in hydrogen. By backing the Humber, the Government can drive industrial decarbonisation, boost competitiveness, and create thousands of skilled jobs across a region that sits at the heart of the UK’s energy system. Centrica has long invested in the people and infrastructure that make the Humber strategically vital to the UK economy and we’re proud to work with our Humber Hydrogen partners to help deliver a cleaner, more resilient energy future.”

The initiative is supported by local politicians. Graham Stuart, MP for Beverley and Holderness, commented: “If the country is to take advantage of key technologies, reduce emissions, create jobs and cut bills, we need action. That’s why we need the Government to support hydrogen infrastructure in our area and bring investment back to the Humber.”

Advertisement

Melanie Onn, MP for Great Grimsby and Cleethorpes, said: “The Humber is the ideal place to locate the UK’s first hydrogen network, given its geology, geography and the wide range of key industries on both banks of the Humber Estuary that can benefit from its use. Hydrogen will play a key role in the energy transition, helping major employers in this region to reduce emissions whilst retaining jobs and stimulating economic growth. We want to see the hydrogen economy kick-started here in the Humber.”

Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Business

Applecross resident sues neighbour over alleged blocked river views

Published

on

Applecross resident sues neighbour over alleged blocked river views

A spat over river views between owners of multi-million-dollar houses in Applecross has escalated to the state’s highest court.

Continue Reading

Business

Inflation to stay sticky, Jahangir Aziz rules out Fed rate cuts in 2026

Published

on

Inflation to stay sticky, Jahangir Aziz rules out Fed rate cuts in 2026
As geopolitical tensions intensify and crude oil markets react sharply, investors are facing a complex mix of inflation risks, monetary policy uncertainty, and shifting global supply dynamics. In a conversation with ET Now, economist Jahangir Aziz from JPMorgan suggested that the current situation is far more layered than what headline indicators like Brent crude prices may imply.

Speaking on the scale of the escalation, Aziz said, “Look, it is very difficult to say how bad or how big it is going to be or how long it is going to last.” He noted that while the recent spike in oil prices reflects rising market anxiety, “the spike in the oil market clearly shows you that the market is nervous… but that is not the story.” According to him, the global oil market has become increasingly fragmented, making widely tracked benchmarks less relevant for key economies. “The oil market has been fragmented completely… Brent reflects the Atlantic Basin, but countries like China and India depend on the Middle East,” he said, adding that regional benchmarks tell a more accurate story. “Oman and Dubai prices were already above 150… and the India basket was at $145,” Aziz pointed out, concluding that “we need to stop looking at Brent… Oman and Dubai prices are what really matter for Asian economies.”

On the US Federal Reserve’s policy outlook, Aziz pushed back against expectations of easing, maintaining that his view has consistently ruled out rate cuts this year. “We did not have a rate cut in 2026 in the beginning of the year and in fact, the next move would be a rate hike in 2027,” he said. He emphasized that this assessment is rooted in labour market dynamics rather than recent geopolitical developments. “This has nothing to do with the war… it was based on US labour market dynamics,” Aziz explained. Even modest job growth, he argued, could sustain inflationary pressures. “Even a modest improvement in jobs… will push wages up and keep inflation above 2%,” he said. He also highlighted a more cautious stance from the Fed on energy-driven inflation, noting that policymakers indicated they would not look through such price increases “too likely.”

Turning to bond markets, Aziz said the more important development is not just the rise in yields but the shift in expectations reflected in the yield curve. “The market took the Fed call in a hawkish tone… and flattened the curve,” he observed, adding that “it is the flattening… rather than the move up in the 10-year rate that is the bigger story.” As inflation concerns persist and hopes for rate cuts fade, he expects this trend to continue. “As hopes of rate cuts in 2026 fade… you are going to see much more flattening,” he said. Aziz also warned that if inflation becomes entrenched, it could start affecting demand. “If inflation becomes sticky… you are going to start seeing demand destruction,” he said, adding that even the anticipation of such a slowdown could influence market pricing. “In a demand destruction environment… it is hard to see the 10-year actually blow up,” he noted.

Advertisement

Overall, Aziz’s assessment points to a more complex global backdrop where traditional indicators may not fully capture underlying risks. With oil markets fragmenting, inflation staying persistent, and central banks remaining cautious, investors may need to look beyond surface-level signals to navigate the evolving landscape.


Continue Reading

Business

Micron Technology, Inc. 2026 Q2 – Results – Earnings Call Presentation (NASDAQ:MU) 2026-03-19

Published

on

OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Q2: 2026-03-18 Earnings Summary

EPS of $12.20 beats by $3.47

 | Revenue of $23.86B (196.29% Y/Y) beats by $4.35B

This article was written by

Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team

Advertisement
Continue Reading

Business

Nike and Ja Morant Unveil ‘Jurassic Park’ Sneaker Pack for Nike Ja 3

Published

on

Cristiano Ronaldo Portugal

MEMPHIS, Tenn. — Nike Basketball and Memphis Grizzlies star Ja Morant have partnered with the iconic “Jurassic Park” franchise to launch a themed sneaker pack for the Nike Ja 3, blending cinematic nostalgia with high-performance basketball design.

Memphis Grizzlies guard Ja Morant attempting to dunk the basketball during his rookie season in the NBA.
Memphis Grizzlies guard Ja Morant attempting to dunk the basketball during his rookie season in the NBA.

The collaboration, unveiled in mid-March 2026, features two distinct colorways — the “Raptor” and “Explorer” — inspired by the 1993 Steven Spielberg film and its enduring legacy. The pack draws from Morant’s personal affinity for the movie series, channeling elements like Velociraptor motifs, amber fossils and classic park branding into the signature silhouette.

The Nike Ja 3 “Raptor” (style code IU7240-001) adopts a menacing anthracite base with yellow ochre and bright crimson accents, mimicking the scaly texture and predatory vibe of the film’s raptors. Jagged overlays fade from golden yellow to dark grey, evoking dinosaur skin, while red “blood” accents on the branding add intensity. The tongue features the classic Jurassic Park logo in red, and the insoles display a duo of Velociraptors — one per shoe — that combine for a full scene when paired.

The “Explorer” (IU7240-300) pays homage to the iconic Jurassic Park tour vehicles, with a tropical-inspired palette including green and earthy tones. Details replicate the truck’s rugged aesthetic, complete with park emblems and subtle nods to the film’s adventure elements.

Both pairs include collectible extras: custom graphic insoles forming a dinosaur panorama, amber egg-shaped hangtags preserving Morant’s logo like the movie’s DNA-trapped mosquito, and special packaging that extends the theme. The design continues the narrative-driven approach that has defined the Ja 3 line since its 2025 debut, with Morant emphasizing personal storytelling in his signatures.

Advertisement

The pack releases Friday, April 10, 2026, at 10 a.m. ET via Nike SNKRS, Nike.com and select retailers. Pricing starts at $135 for men’s sizes, $112 for big kids (GS) and $97 for little kids (PS). Full-family sizing ensures accessibility for collectors and young fans alike.

The collaboration arrives amid a strong rollout for the Ja 3, Morant’s third signature model. Since launching in August 2025, the shoe has gained traction for its low-to-the-ground feel, responsive cushioning and bold aesthetics tailored to Morant’s explosive style. Earlier 2026 drops included playful themes and homages, but the Jurassic Park pack stands out for its scale and cultural tie-in.

Morant, sidelined at times this season due to injuries, has remained a creative force off the court. He has teased unreleased Ja 3 looks on social media, building hype for upcoming releases. The “Jurassic Park” project marks one of his most ambitious co-design efforts, blending his love for the franchise with Nike’s storytelling expertise.

Sneaker enthusiasts and film fans have reacted positively to the reveal, with early images generating buzz on platforms like Instagram and X. Commentators praise the attention to detail — from the amber hangtag to the combined insole art — as elevating the pack beyond typical athlete collabs.

Advertisement

The drop aligns with broader trends in basketball footwear, where narrative-driven partnerships increasingly dominate. Nike’s success with licensed IP collaborations, including past film and pop culture tie-ins, positions this pack for strong demand.

As April 10 approaches, anticipation builds for what could be one of the standout releases of 2026. For Morant, the project reinforces his influence in sneaker culture, extending his impact beyond the hardwood.

Continue Reading

Business

Bitcoin price today: slides below $71k as traders pare Fed cut bets

Published

on


Bitcoin price today: slides below $71k as traders pare Fed cut bets

Continue Reading

Business

WA appoints fuel controller

Published

on

WA appoints fuel controller

The state government has appointed a state fuel controller to oversee the distribution of petrol and diesel supplies, particularly to the regions, where shortages are becoming more evident.

Continue Reading

Business

'Our heating oil's doubled in price in two weeks'

Published

on

'Our heating oil's doubled in price in two weeks'

Lawrence Salvoni worries not only about the price he has to pay, but the security of his supply.

Continue Reading

Business

Bumper profit as Qantas rewards loyalty

Published

on

Bumper profit as Qantas rewards loyalty

Qantas Group reports $1.46b profit and announces sweeping reset for Frequent Flyer program.

Continue Reading

Business

Camden pregnancy payment to continue after trial

Published

on

Camden pregnancy payment to continue after trial

The scheme provides £500 to support low-income families welcoming a new baby in the London borough.

Continue Reading

Business

Albanese Says Fuel Supply Is Secure as ACCC Investigates Major Fuel Suppliers

Published

on

Anthony Albanese
Anthony Albanese
AFP

Prime Minister Anthony Albanese is assuring Australians that the country’s fuel supply is secure amidst the ongoing Iran war.

His assurance comes as the Australian Competition and Consumer Commission (ACCC) announced that it will be investigating the country’s major fuel suppliers.

Fuel Supply Is Secure, Says Albanese

According to a report by Sky News, Albanese has reminded Australians to only take fuel that they need and avoid hoarding.

“I want to assure Australians at this time that Australia is well prepared. Our fuel supply is currently secure. However, I want us to be over prepared,” said the prime minister.

“I reiterate today my message to Australians is please do not take more fuel than you need,” he added. “That is how you can help. That is the Australian way.”

Advertisement

Albanese has also assured that more measures that will help Australians will be announced in the coming days

ACCC Announces Investigation on Major Fuel Suppliers

His comments come just as the ACCC announced that it is investigating major fuel suppliers in the country over alleged anti-competitive conduct. Albanese has confirmed that the investigation has been launched and that he is aware of it.

According to The Guardian, among the major fuel suppliers that will be investigated are Ampol, BP, Mobil and Viva Energy.

As part of the investigation, the ACCC will look into reports about diesel availability for independent wholesalers and distributors in regional and rural parts of the country.

Advertisement

“It is not our usual practice to publicly announce investigations, but given the significance of the issue, the ACCC is confirming this enforcement investigation,” ACCC Chair Gina Cass-Gottlieb said in a statement.

“It is important that fuel market participants and the community know that we are closely watching market conduct in relation to all fuels and we will not hesitate to act swiftly to enforce Australia’s competition and consumer laws,” she added.

Continue Reading

Trending

Copyright © 2025