Vergia, the Norwegian green energy platform owned by Swiss Life Asset Managers, is partnering with Four Zeros Energy to fund and develop green hydrogen and related projects in the UK.
Vergia and low-carbon energy projects developer Four Zeros Energy’s first project together will be the St Austell Green Hydrogen project in Cornwall. The facility will produce green hydrogen to replace natural gas in local mining operations.
Murray Davies, co-founder and director, Four Zeros Energy, said: “Partnering with Vergia provides the technical depth and financial strength required to accelerate the commercial rollout of green-hydrogen projects in the UK.
“Together we aim to unlock new investment, create skilled regional employment and enhance the country’s low-carbon energy security.”
Marc Schürch, head of renewable energy infrastructure at Swiss Life Asset Managers and chair of Vergia, said: “This cooperation is a natural extension of the Power-to-X strategy we launched with the acquisition of Vergia in 2024.
“Combining Four Zeros Energy’s local development expertise with our long-term infrastructure capital will enable us to advance a pipeline of bankable projects that contribute meaningfully to the decarbonisation of hard-to-abate sectors in the US. The initiative underlines our commitment to generating sustainable value for our investors while supporting Europe’s goal of climate neutrality by 2050.”
To read the latest IPE Real Assets magazine click here.
