Protium Acquires Storegga's Scottish Green Hydrogen Portfolio
Type: Acquisition · Technology: Hydrogen · Country: United Kingdom · Announced: 2026-05-15
Protium, a UK green hydrogen developer, has acquired Storegga's Scottish hydrogen portfolio, which includes the Cromarty Hydrogen Project. This acquisition significantly strengthens Protium's presence in Scotland's low-carbon hydrogen sector. The deal is part of a broader trend of industry consolidation, with a market focus on viable projects and leveraging Scotland's renewable energy potential. The transaction aims to expand Protium's decarbonisation footprint within the UK.
Analysis
Protium acquired Storegga's Scottish hydrogen portfolio, including the Cromarty Hydrogen Project, in an announced acquisition on 2026-05-15 for an undisclosed value. Storegga is an independent UK company that develops, constructs, and operates subsurface storage facilities for carbon dioxide. This acquisition expands Protium's decarbonisation footprint within the UK. The deal is part of a broader trend of industry consolidation, with a market focus on viable projects and leveraging Scotland's renewable energy potential.
Key points
- Protium acquired Storegga's Scottish hydrogen portfolio.
- The acquisition includes the Cromarty Hydrogen Project.
- The deal was announced on 2026-05-15.
- The location of the assets is the United Kingdom.
- The deal type is an acquisition in the hydrogen sector.