The energy giant said it had seen an "exceptional" performance at its oil trading business.
The world first project in the Granite City was aimed at being the future of clean public transportation.
Spelthorne Borough Council, which owns the Sunbury site, says the firm will be "sadly missed".
The multi-million pound project in Aberdeen was meant to be the future of clean public transportation.
The oil giant also suspends its share buyback programme ahead of the arrival of its new boss.
BP has sold a 65% stake in its motor lubricant arm Castrol to US-based investment firm Stonepeak.
BP has appointed Meg O'Neill as its chief executive, making her the first female boss of a major oil giant.
Some scientists say the move puts into question the future hydrogen will play in our energy systems.
It follows the energy firm being locked in a dispute with landowners over what to build on the site.
