Lloyd’s Register LR has signed a memorandum of understanding with H2 Terminals Limited to study the feasibility of a green hydrogen H2 infrastructure project in the UK.

The two companies will cooperate to establish and operate a floating hydrogen storage unit as well as a wind turbine to generate power to meet the growing demand for green electricity in the Thames Estuary.

Other plans for the project include creating an offshore renewable energy complex where green hydrogen will be converted into liquid form and transported by ship to a terminal in the Thames Estuary.

The scope of the MoU includes an in-depth technical assessment that includes developing the asset design and ensuring the correctness of the containment and export systems.

This project will contribute to strengthening the industry and achieving sustainability goals in the United Kingdom, Mark Tipping, Director of Power 2X at LR, said.

The project will enhance the capacity to produce low-carbon hydrogen and will contribute to achieving the UK government’s ambitious targets by 2030, Gerry Wilkinson, CEO of H2 Terminals, said.

This initiative is expected to enhance cooperation between the public and private sectors and enhance investor confidence in the Thames Estuary region as a center for advanced environmental technology.