ION expands ETF trading capabilities with Tradeweb integration
Investing.com -- BP has abandoned its plans to develop a hydrogen hub in northern England, making way for a rival data center project at a former steelworks site.
The UK energy company withdrew its application for the H2Teesside project on Monday, citing a conflict over land use after local authorities approved plans for a data center on the same property.
"Due to material changes in circumstances on the Teesworks site, including a planning application being granted locally for a data center on the same piece of land, we have taken the decision not to progress the development of H2Teesside and have withdrawn our development consent order application for the project," BP said.
The company’s decision followed delays in receiving approval from the UK government for its hydrogen hub application, while the competing data center project gained support from local officials.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
