Halite Energy Project Collapses | Glasgow News

Halite Energy Group’s massive underground gas storage project in Lancashire has officially collapsed, leaving behind a £5.7–7 million cost overrun and no investors to bail it out. Originally designed to boost UK energy security by creating 19 salt caverns—housing a quarter of the nation’s gas storage potential—the project’s financial woes forced directors to shut it down. Liquidator Donald McKinnon confirmed the company couldn’t secure the funds needed to finish, a sobering reminder of how easily big energy infrastructure can fail when money doesn’t match ambition. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/a003433be333c49b