Meld Energy expects to accelerate the development of its 100MW green hydrogen project at the Saltend Chemical Park in the UK’s Humber region after securing backing from Schroders Greencoat, the energy transition arm of investment manager Schroders Capital.

Schroders Greencoat has acquired a majority stake in UK-based Meld. The Saltend project, one of the UK’s largest green hydrogen plants, already has planning consent. The target startup date is 2028/29, with an output of 13,400t/yr. The electrolyser will draw on the region’s offshore and onshore wind generation. The project has the potential to scale up to 200MW, according to Meld.

“Schroders Greencoat brings expert capital, unique in-house engineering understanding, and a long track record of working constructively with industrial partners and government,” said Chris Smith, founder & CEO of Meld Energy. “Their experience, expertise and investment is a strong vote of confidence in our team and in Saltend’s potential to help decarbonise the Humber. Together we will be able to accelerate development at Saltend and across our project pipeline.”

Read the full article here.