Equinor and SSE Thermal Acquire Triton Power from Energy Capital Partners
June 28, 2022
Equinor and SSE Thermal have completed the £341 million acquisition of Triton Power from Energy Capital Partners, forming a 50:50 joint venture to own Triton. The deal includes the 1.2 GW Saltend Power Station and positions the buyers to decarbonise flexible power generation — including plans to prepare Saltend to run on up to 30% hydrogen from 2027 and eventual conversion to hydrogen — while supporting Equinor's H2H Saltend hydrogen project.
- Buyers
- Equinor, SSE Thermal
- Targets
- Triton Power
- Sellers
- Energy Capital Partners
- Industry
- Energy
- Location
- East Riding of Yorkshire, United Kingdom
- Transaction Type
- Buyout
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