Schroders Greencoat confirmed it has acquired a majority stake in U.K. green hydrogen developer Meld Energy.
Meld Energy, backed by World Kinect, one of the world’s largest fuel distributors and traders, is an independent project developer that seeks to develop an international portfolio of green hydrogen production to supply low and zero-carbon fuels for industry, road transport, shipping and aviation, according to the company’s website.
Meld is advancing a 100-megawatt electrolyzer hydrogen project at px Group’s Saltend Chemicals Park in Hull, East Yorkshire, and has plans to develop a pipeline of e-fuel projects in the United Kingdom.
The 100-megawatt Saltend Green Hydrogen hub is one of the largest green hydrogen projects in the United Kingdom and Meld’s flagship project in the region, with several others in the pipeline.
The transaction builds upon Schroders Greencoat’s key position in green hydrogen as the United Kingdom’s largest invest
