# SSE Thermal and Equinor to acquire Triton Power for £341M

SSE Thermal and Equinor agreed to acquire Triton Power Holdings Ltd from Energy Capital Partners for £341 million, equally shared. Triton Power operates Saltend Power Station and other assets.

- Type: Acquisition
- Announced: 2022-06-01
- Where: East Yorkshire, Cornwall, north Wales, United Kingdom
- Value: $430.0M (341.0M GBP)
- Status: announced
- Capacity: 1.2 GW
- Products: flexible power generation, low-carbon hydrogen
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Equinor](https://endata.com/companies/1741.md) (acquirer)
- [Triton Power](https://endata.com/companies/15652.md) (target)
- [Energy Capital Partners](https://endata.com/companies/26371.md) (investor)
- [Energy Capital Partners](https://endata.com/companies/26371.md) (partner)
- [SSE Thermal](https://endata.com/companies/47275.md) (acquirer)

## Sources

- [ssethermal.com](https://www.ssethermal.com/news-and-views/2022/06/sse-thermal-and-equinor-to-acquire-triton-power-in-acceleration-of-low-carbon-ambitions/), 2022-06-01: "SSE Thermal and Equinor have entered into an agreement to acquire Triton Power Holdings Ltd from Energy Capital Partners for a total consideration of £341m shared equally between the partners."
- [sse.com](https://www.sse.com/news-and-views/2022/06/sse-thermal-and-equinor-to-acquire-triton-power-in-acceleration-of-low-carbon-ambitions/), 2022-06-01: "SSE Thermal and Equinor have entered into an agreement to acquire Triton Power Holdings Ltd from Energy Capital Partners for a total consideration of £341m."
- [equinor.com](https://www.equinor.com/news/20220628-acquire-triton-power-prepare-transition-hydrogen), 2022-06-28: "The joint acquisition of Triton Power by SSE Thermal and Equinor from Energy Capital Partners officially has been completed."
- [markets.ft.com](https://markets.ft.com/data/announce/detail?dockey=1323-15513985-0EENEM4OHES9RVEN935HE10MDV), 2022-06-28: "SSE Thermal and Equinor have entered into an agreement to acquire Triton Power Holdings Ltd from Energy Capital Partners for a total consideration of £341m."
- [insidermedia.com](https://www.insidermedia.com/news/yorkshire/341m-deal-agreed-for-power-station-operator), 2022-06-28: "Flexible energy will be absolutely essential as renewable energy scales up over the coming years, providing vital back-up while protecting security of supply."
- [energyvoice.com](https://www.energyvoice.com/renewables-energy-transition/422664/equinor-and-sse-thermal-buy-triton-power-for-341-million-bringing-hydrogen-to-saltend/), 2022-06-28: "Flexible energy will be crucial as renewable energy scales up further over the coming years, providing important back-up and improving security of supply."
- [news.globuc.com](https://news.globuc.com/news/sse-thermal-and-equinor-to-acquire-triton-power-in-acceleration-of-low-carbon-ambitions/), 2022-07-05: "The transaction represents another step forward for the two companies’ existing collaboration, supporting the long-term decarbonisation of the UK’s power system."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.