U.K. Energy Developers Carlton, Stag Merge Amid Net-Zero Shift

U.K. energy infrastructure companies Carlton Power Ltd. and Stag Energy plan to merge in order to develop a portfolio of natural gas and green energy projects.

The new company, part of the Carlton Power Group, plans to focus on projects that provide energy storage and grid stability services, according to a statement. Terms of the merger weren’t disclosed.

The U.K., which seeks to become carbon neutral by 2050, has faced soaring energy costs amid high natural gas prices. The new company will help support the country’s transition to Net Zero, the companies said. It’s also developing green hydrogen projects -- ...