Schroders Greencoat has acquired a majority stake in UK‑based green hydrogen developer Meld Energy.
Schroders Greencoat is investing an unspecified sum for its majority stake in a deal that also involves funding Meld Energy’s transition from late-stage development through the construction and operational phases.
Meld Energy’s primary asset is the Saltend Green Hydrogen Hub, a 100MW electrolytic hydrogen facility in Hull that has already secured planning consent.
James Samworth, co-head of M&A at Schroders Greencoat, said: “Alongside our investments in energy transition assets, Schroders Greencoat is increasing its backing of development platforms. Our investment expertise and considerable experience of running assets creates a compelling advantage in complex markets, in turn unlocking unique opportunities for our clients.
“Meld is one of those platforms – they are developing a number of projects in highly strategic locations with strong fundamentals. We believe we can achieve big things together.”
Chris Smith, founder and CEO of Meld Energy, said: “Schroders Greencoat brings expert capital, unique in-house engineering understanding, and a long track record of working constructively with industrial partners and government.
“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.”
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