The owners of British Gas and Johnson Matthey have partnered with JCB scion Jo Bamford to launch a £6.5billion project to raise Britain's hydrogen production. 

Engineering giant Arup, cement-maker Heidelberg, the building materials company Tarmac and the pipeline business National Gas, are also among a heavy coalition led by Bamford, which has submitted proposals to energy secretary Ed Miliband.

The consortium, Project HySpeed, wants to build one gigawatt of green hydrogen production capacity in the UK by 2030. 

It is thought it would create 24,300 jobs and attract over £6billion of private investment. 

Should it go ahead, it would be one of the largest hydrogen projects in the country, and one of the largest in the world. 

Read the full story in The Times. 

FTSE 100

The UK's flagship share index, the FTSE 100, was up 109-points at 8,078 shortly after opening this morning.

Brent crude oil futures were up 0.50%, trading at $64.84 a barrel.

Companies reporting today

Ashmore Group - Q3 Assets Under Management Statement

Page Group - Q1 Trading Statement

More like this…

View all