A Japanese energy company is set to invest around £26m worth of funding in to Bridgend, with the local council signing a memorandum for the development of a green hydrogen demonstrator project in the area.
Green energy specialists Marubeni attended an event in the town last week, where an agreement setting out how both organisations could work together to develop a new 5MW-class hydrogen energy initiative was discussed.
The agreement was signed after Bridgend was selected by the Marubeni Corporation, following discussions with Welsh Government as the preferred UK location for a green hydrogen demonstrator project, which aims to create an energy plant capable of generating and balancing the supply and storage of low-cost green energy.
