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Carlton and Greencoat in hydrogen tie-up

Richard Heap
May 23, 2023

Carlton Power and Schroders Greencoat have formed a joint venture to develop, build and operate green hydrogen production facilities in the UK.

The tie-up, which is called Green Hydrogen Energy Company, is aiming to build a 500MW portfolio of projects in the UK by 2030 as it wants to accelerate the development of green hydrogen in the UK. The first projects in the GHECO portfolio are in Manchester, Barrow-in-Furness and near Plymouth.

Schroders Greencoat is set to make an initial commitment of £200m to the projects from funds it manages.

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