Two long-established energy development companies - including one in the North East - are to merge their operations.
Stokesley firm Carlton Power is joining forces with Edinburgh’s Stag Energy, with the combined business focussing on energy infrastructure projects that will support the UK’s transition towards net zero, as well as maintaining energy security.
The combined company will operate as part of the Carlton Power Group and includes key personnel from both Carlton and Stag, including Carlton’s founder Keith Clarke and George Grant, the founder of Stag Energy.
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It will focus on energy storage and grid stability services, while also developing a portfolio of green hydrogen production projects across the UK.
Mr Clarke said: “Our combined capabilities provide an unparalleled track record of successfully identifying, developing and delivering major infrastructure projects in the UK and Europe. Over the past 30 years, the team has delivered more than 6GW of both thermal and renewables generation.
“Importantly, looking ahead there are a range of business opportunities that we see to be vital for the UK energy system to safely navigate its way towards Net Zero. It’s an exciting future for all of us.
“In addition to energy infrastructure projects, we have also established a carbon marketing and advisory business – Carlton Carbon - to facilitate the delivery of verified carbon certificates in the compliance and voluntary sectors.”
Mr Grant said: “The combined company intends to capitalise on the continuing growth in the market for distributed low carbon energy projects and to continue to deliver quality investment opportunities for both strategic and financial partners.”
Carlton, which is based in Stokesley, near Teesside, is currently leading the development of the Trafford Energy Park in Manchester with plans for a liquid air energy storage facility, a hydrogen electrolyser and commercial hydrogen hub, plus a battery storage facility.
It is also looking to expand an energy park near Plymouth to incorporate energy storage and electrolyser facilities.
Edinburgh-based Stag is working on projects linked to the National Grid’s Pathfinder process and in recent years has also developed a portfolio of small-scale back-up generation units.
