Equinor, SSE to Buy UK’s Triton Power for $418 Million

Equinor and British renewable power generator and network operator SSE agreed to buy U.K.-based Triton on June 28 from private equity firm Energy Capital Partners for 341 million pounds (US$418.65 million).

Hart Energy Staff
Equinor, SSE to Buy UK’s Triton Power for $418 Million

In a statement, Equinor said the company and partner SSE are starting preparations to use hydrogen in the Saltend Power Station, the key plant included in the purchase of Triton Power. (Source: Equinor ASA)

Equinor ASA and SSE Thermal will buy power company Triton Power as part of efforts to boost their contribution to the decarbonization in the U.K.

The companies, Norwegian oil company Equinor and British renewable power generator and network operator SSE, agreed to buy U.K.-based Triton on June 28 from private equity firm Energy Capital Partners for 341 million pounds (US$418.65 million). In a statement, Equinor said the pair are starting preparations to use hydrogen in the Saltend Power Station, the key plant included in the purchase of Triton Power.

“This acquisition together with SSE Thermal demonstrates our commitment to building a broad energy partnership with the U.K. We will continue to work to supply the U.K. market with reliable energy and to reduce emissions by offering a transition to hydrogen through our hydrogen project H2H Saltend. Contributing to flexible power supplies with low CO₂ emissions to support weather-dependent renewable energy is essential to ensure energy security through the energy transition,” Irene Rummelhoff, Equinor’s executive vice president for marketing, midstream and processing, commented in the company release.

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