Schroders Greencoat acquires majority stake in hydrogen and e-fuels developer Meld Energy

Investment builds on Schroders Greencoat’s position as the UK’s largest investor in green hydrogen and strengthens its development capabilities
Schroders Greencoat acquires majority stake in hydrogen and e-fuels developer Meld Energy
Schroders Greencoat, the specialist energy transition investment manager of Schroders Capital, today announces the acquisition of a majority stake in Meld Energy, a UK‑based green hydrogen developer.

Schroders Greencoat will apply its established expertise in transition infrastructure, asset operation and the hydrogen market to support Meld from late‑stage development through construction and operations.

The transaction builds upon Schroders Greencoat’s leading position in green hydrogen as the UK’s largest investment manager in the space with over 300 MW under development. Three projects totalling 55 MW backed by Schroders Greencoat, through its joint venture Green Hydrogen Energy Company (GHECO) with Carlton Power, were successful in the UK Government’s first Hydrogen Allocation Round (HAR1). A Final Investment Decision is expected on the first of these projects at Barrow-in-Furness (Cumbria), before the end of the year.

Meld Energy’s flagship project - the Saltend Green Hydrogen Hub at Saltend Chemicals Park, Hull - is a planned 100MW electrolytic hydrogen facility with planning consent, designed to help decarbonise one of the UK’s most energy‑intensive industrial clusters.

Schroders Greencoat continues to build out its development capabilities alongside its core operating‑asset strategies, including the recent appointment of a three‑person specialist development team previously at Quinbrook Infrastructure Partners.

James Samworth, Co-Head of M&A, Schroders Greencoat, said:
“Alongside our investments in energy transition assets, Schroders Greencoat is increasing its backing of development platforms. Our investment expertise and considerable experience of running assets creates a compelling advantage in complex markets, in turn unlocking unique opportunities for our clients. Meld is one of those platforms – they are developing a number of projects in highly strategic locations with strong fundamentals. We believe we can achieve big things together.”

Chris Smith, Founder & CEO, Meld Energy, said:
“At Meld Energy we have always focused on getting the fundamentals right for large-scale hydrogen and clean fuel production and Schroders Greencoat’s investment is a massive boost to our project ambitions in the UK. Schroders Greencoat brings expert capital, unique in-house engineering understanding, and a long track record of working constructively with industrial partners and government. Their experience, expertise, and investment is a strong vote of confidence in our team and in Saltend’s potential to help decarbonise the Humber. Together we will be able to accelerate development at Saltend and across our project pipeline.”

World Kinect Corporation, a Fortune 100 company and one of the world’s largest fuel distributors and traders, remains a shareholder in Meld Energy. World Kinect has been an investor in Meld since 2022.
For further information, please contact:

Rachael Dowers, Media Relations Lead, Private Markets | +44 207 658 2086 | rachael.dowers@schroders.com
Jessye Brandon, PR Manager | +44 207 658 3789 | jessye.brandon@schroders.com

Note to Editors

About Schroders Greencoat 
Schroders Greencoat LLP, formerly Greencoat Capital LLP, is a specialist manager dedicated to the renewable and energy transition infrastructure sector. With teams in London, Dublin, Frankfurt, Copenhagen, and Madrid, as well as in New York and Chicago, and around £9.7 billion under management*, Schroders Greencoat is one of the largest dedicated managers in Europe. It was founded in 2009 and currently has fund mandates with strategies investing into wind, solar, bioenergy and energy transition in the UK, Europe and the United States. In total, Schroders Greencoat manages over 445 renewable infrastructure assets with an aggregate net generation capacity of over 7.7 GW*.

For more information, please visit https://www.schrodersgreencoat.com.

* As of 30 June 2025. ** The Schroders Capital Infrastructure pillar today encompasses the energy transition capabilities of the Schroders Greencoat team in Europe and the U.S., the energy transition capabilities of the Schroders Capital Infrastructure Asia team in China, as well as the Schroders Group’s legacy Paris-based infrastructure equity team.

Schroders Capital
Schroders Capital provides investors with access to a broad range of private market investment opportunities, portfolio building blocks and customized private market strategies. Its team focuses on delivering best-in-class, risk-adjusted returns and executing investments through a combination of direct investment capabilities and broader solutions in all private market asset classes, through comingled funds and customized private market mandates.

The team aims to achieve sustainable returns through a rigorous approach and in alignment with a culture characterized by performance, collaboration and integrity. 

With $111 billion (£81 billion; €94.5 billion)* assets under management, Schroders Capital offers a diversified range of investment strategies, including real estate, private equity, secondaries, venture capital, infrastructure, securitized products and asset-based finance, private debt, insurance-linked securities and BlueOrchard (Impact Specialists).

*Assets under management as of June 30, 2025 (including non-fee earning dry powder and in-house cross holdings)

Meld Energy   
Meld Energy is an independent project developer, focused on green hydrogen production to supply low and zero carbon fuels for industry, road transport, shipping and aviation.

Its flagship project, the Saltend Green Energy Hub, will support the industrial decarbonisation of the Humber. The region is the UK’s largest industrial emitter of CO2 in the UK – with over 5% of the UK’s overall emissions and 50% more than the next largest region. This makes it an ideal location for hydrogen production.

www.meld.energy
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Schroders Greencoat LLP
Schroders Greencoat LLP
London, United Kingdom
Schroders Greencoat is a specialist investment manager dedicated to renewable infrastructure, with over £8.5 billion under management. We aim to provide strong risk-adjusted returns for our investors, while also delivering positive environmental outcomes. Founded in 2009, Schroders Greencoat has built a reputation for unwavering delivery of our investment propositions, as well as for innovation – our offerings have become the model for an entire industry sector. Our investments span the globe, with local expertise in the Europe, the UK and the US, and are managed across a range of publicly listed vehicles*, private market pooled funds, co-investment vehicles and Separate Managed Accounts. Renewable infrastructure is a multi-trillion dollar global sector that will grow by more than $100 billion a year over the next decade. Utilities, energy companies and infrastructure developers will build out the majority of this transition, but the scale of capital involved will require significant private financing. There exists a very large and growing pool of capital which is keen to own and operate these assets, but lacks the inhouse technical skills and sector expertise to manage the investments independently. Our purpose is to bridge this gap, by acting as a solution provider for investors, and providing the partnership, financial, technical and operational expertise to deliver secure incomes for our clients. Acquired by Schroders plc in 2022, Schroders Greencoat is the fourth pillar of the group's private markets investment business, Schroders Capital. Schroders Capital through Schroders Greencoat has the ambition to become a global leader in infrastructure and the alternative investment industry more broadly. * Schroders Greencoat is the investment manager for two listed vehicles, Greencoat UK Wind PLC and Greencoat Renewables PLC.
infrastructure

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