Investment Attraction

Carlton Power faced the challenge of securing funding and support for its Trafford Green Hydrogen project, which is part of a broader initiative to develop hydrogen infrastructure in the UK. The project, located in Greater Manchester, was competing for financial backing from the UK Government's Hydrogen Allocation Round (HAR1). The specific niche issue was the need for substantial investment to advance the project towards a Financial Investment Decision, which is crucial for its commercial viability.

To address this challenge, Carlton Power collaborated with a local consortium that included Manchester Metropolitan University, Greater Manchester Combined Authority, Trafford Council, Cadent Gas, and Electricity North West. This partnership not only strengthened the project's credibility but also facilitated the acquisition of a financial contract from the UK Department of Energy Security & Net Zero (DESNZ). The Trafford project, which has a capacity of 15MW and an investment of approximately £30 million, is set to enter commercial operation within two years, contingent upon reaching the Financial Investment Decision early next year.

The successful funding and planning consent for the Trafford Green Hydrogen project represent a significant milestone for Carlton Power, positioning the company as a leader in the UK's hydrogen economy. This development is expected to support local industries in their decarbonization efforts and contribute to Greater Manchester's Net Zero goals, while also acting as a catalyst for green investment and job creation in the region.