Mr Sanderson added: “I have enjoyed one-on-one meetings with the three key figures from the Department for Energy Security and Net Zero, including Secretary of State Claire Coutinho, Lord Callanan, minister for energy efficiency and green finance, and Graham Stuart, minister for energy security and net zero.”
Portland Harbour lies in Weymouth Bay on England’s south coast and was first used as a naval base in the 16th century by Henry VIII.
It was massively expanded last century to accommodate new steam-powered warships, eventually becoming one of the Royal Navy’s biggest bases until it was closed in 1995.
It remains one of the UK’s largest harbours and the training centre for the UK’s Olympic sailing teams.
The harbour’s anticipated new role storing hydrogen relies on a rock known as halite or rock salt.
A massive layer of this has been found two miles beneath the surface – where it has been buried for at least 200m years.
Salt is highly soluble so the fact it has lasted so long shows the rock has no water running through it – making it highly stable and suitable for storing hydrogen.
Matt Cartwright, UKOG’s commercial director, said the caverns would be created by drilling wells into the salt and then injecting fresh water to dissolve the rock.
UK Energy Storage, a wholly-owned subsidiary of UKOG, will oversee the project.
Each cavern is set to be 85 metres in diameter and 90 metres high with a capacity of 320,000 metres cubed, which is roughly twice the volume of St Paul’s Cathedral.
UKOG is facing a series of controversies over its involvement with onshore oil and gas developments around the UK.
It currently has interests in five oil and gas fields within the Weald and Purbeck areas of southern England but its attempts to exploit them have been subject to repeated court battles.
UKOG won the right to drill in the Loxley gas field near Horsham in Surrey, with production expected from next year.
A spokesman for UKOG said the company was moving away from oil and gas and saw a much bigger future in renewable energy.