Subject to reaching Financial Investment Decisions in the early part of next year, these projects should enter commercial operation within two years.
“Securing contracts for each project - totalling 55 MW of capacity and an investment of around £100 million, and each with planning consent - is a major achievement and places Carlton Power among the leading British companies that are helping to build the hydrogen economy in the UK” said Eric Adams, Carlton Power’s Hydrogen Projects Director.
The three projects will replace around 215 gigawatt hours (GWh) of natural gas and should reduce carbon emissions by around 40,000 tonnes per annum from 2026. They will support local manufacturing and industrial companies to decarbonise their operations, making the transition away from fossil fuels.
Kimberly-Clark, the international manufacturer of consumer products including Andrex, Kleenex and Huggies, is one of the companies that will benefit from the decision. Carlton’s Barrow scheme will supply green hydrogen to Kimberly-Clark’s manufacturing plant in the town, reducing the company’s reliance on natural gas by up to 30 percent.
Carlton Power is working with specialist investment manager Schroders Greencoat LLP (Schroders Greencoat) to finance, build and operate the three projects via joint venture Green Hydrogen Energy Company Ltd (GHECO), announced in May 2023, which aims to build a hydrogen project portfolio in the UK of 500 MW by 2030.
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