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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