Independent energy infrastructure developers Carlton Power and Stag Energy are merging their operations to support the UK’s energy transition towards net zero emissions.
The combined business, which will operate as part of the Carlton Power Group, will focus on energy infrastructure projects, with a “strong emphasis” on energy security.
Target areas include hydrogen production, carbon markets and energy storage and grid stability services, including the provision of system inertia, reactive power and short circuit capacity.
Keith Clarke, Founder of Carlton, which is headquartered in Stokesley, North Yorkshire 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.”
A carbon marketing and advisory business, Carlton Carbon, has also been established to facilitate the delivery of verified carbon certificates in the compliance and voluntary sectors.
Edinburgh-based Stag Energy Founder George Grant added: “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.”