Terminal News

Gravitricity seeks £40m for underground hydrogen storage

Written by...

Picture of Meenal Datar

Meenal Datar

Membership specialist

Gravitricity is seeking up to £40m (€45m) in funding following signing a memorandum of understanding with construction firm VSL Systems UK to design underground hydrogen stores, known as FlexiStores.  

The UK could see the construction of hundreds of purpose-built underground line rock shafts to store green hydrogen. These will each be 6m in diameter and 356m deep and lined with steel. 

The aim is that FlexiStores will help to fuel the UK’s green economy. Each store will hold up to 100 tonnes of green hydrogen – enough to refuel more than 1,000 HGVS, or to power 500 buses for a week. Gravitricity calculates that the construction of 1,000 FlexiStores would meet a quarter of the UK government’s predicted 2050 hydrogen storage needs. 

Gravitricity and VSL Systems plan to build a scale demonstrator in the next 24 months ahead of commercial rollout.  

Share this article:

Latest terminal news

Terminal News

MOL Group Unveils Blue Action 2035

Mitsui O.S.K. Lines (MOL Group) has launched Phase 2 of its group management plan: ‘BLUE ACTION 2035’ effective April 1. In Phase 2, the focus of group management will shift

Read More
Man and a woman writing on a whiteboard, woman holds laptop
Terminal News

Chevron Changes Senior Leadership Team

Chevron has announced leadership updates that reflect the company’s continued focus on strong operational performance and safety. Chevron has appointed Daniel Woodall as Chief Health, Safety and Environment (HSE) Officer,

Read More