The St Austell facility will feature a 20-megawatt electrolyser capable of producing 2,000 tonnes of green hydrogen annually. This output will replace natural gas used in local mining operations, supported by low-pressure storage and a dedicated pipeline network. The project is expected to reach its final investment decision in 2026, with operations scheduled to begin in 2028. The HAR2 program supports up to 875 megawatts of new electrolysis projects, advancing the UK’s clean energy efforts.
Vergia will provide equity financing for Four Zeros Energy’s portfolio, which includes 55 megawatts of green hydrogen production capacity. This collaboration combines financial resources with technical expertise to drive the development of sustainable energy solutions. Murray Davies, director of Four Zeros, stated: “Partnering with Vergia provides the technical depth and financial strength required to accelerate the commercial rollout of green-hydrogen projects in the UK.” Marc Schürch, chair of Vergia, added: “Combining local expertise with long-term infrastructure capital will help decarbonize hard-to-abate sectors while creating regional jobs and bolstering energy security.”
The partnership focuses on replacing fossil fuels in industries that are challenging to decarbonize, contributing to environmental sustainability and regional economic growth. By leveraging green hydrogen, the St Austell project and future initiatives aim to enhance energy reliability and support the UK’s transition to cleaner energy sources. The collaboration between Four Zeros Energy and Vergia marks a significant step toward building a robust green hydrogen infrastructure, aligning with national targets for low-carbon energy production.
