Carlton Power and Schroders Greencoat have announced a partnership to develop a green hydrogen portfolio of 500MW in the UK by 2030.

The two companies will roll out the construction and operation of green hydrogen production schemes in the UK and have formed a new joint venture company, Green Hydrogen Energy Company (GHECO) to accelerate green hydrogen projects.

GHECO’s first projects are intended to be in Trafford, Greater Manchester, Barrow-in-Furness, Cumbria, and Langage near Plymouth, Devon. These projects, originated and developed by Carlton Power, were shortlisted by the UK Department of Energy Security & Net Zero (DESNZ) to receive funding from the Net Zero Hydrogen Fund (NZHF).