UK-based Four Zeros Energy and Norway’s Vergia have announced a partnership to jointly develop and finance a nationwide portfolio of green hydrogen and derivative energy projects across the United Kingdom, the companies said on Wednesday.
The first project under the collaboration is the St Austell Green Hydrogen facility in Cornwall, which was shortlisted in April 2025 under the UK Government’s second Hydrogen Allocation Round (HAR2). The site is intended to supply green hydrogen to replace natural gas in mining operations around the region.
“Partnering with Vergia provides the technical depth and financial strength required to accelerate the commercial rollout of green-hydrogen projects in the UK,” said Murray Davies, director at Four Zeros Energy.
Vergia, a subsidiary of Swiss Life Asset Managers, brings long-term investment backing and infrastructure expertise to the partnership.
“Combining Four Zeros Energy’s local development expertise with our long-term infrastructure capital will enable us to advance a pipeline of bankable projects that contribute meaningfully to the decarbonisation of hard-to-abate sectors in the United Kingdom,” said Marc Schürch, chair of Vergia and head of renewable energy infrastructure at Swiss Life Asset Managers.
The UK government is targeting up to 10GW of low-carbon hydrogen capacity by 2030, with at least 5GW to come from green hydrogen. HAR2 is designed to support up to 875MW of new electrolysis capacity.
According to the partners, the collaboration aims to unlock new investment, support regional job creation, and enhance energy security across the UK.
Legal advisers on the deal included Shepherd and Wedderburn for Four Zeros Energy, and Thommessen and Burges Salmon for Vergia.
