A new "game changing" decarbonsiation powerhouse has been launched in Aberdeen, formed of three North-east companies and two from London.
D2Zero will combine the existing portfolios of Hydrasun, Global E&C (both based in Aberdeen), Score Group (Peterhead), Fuel Cell Systems, and Powerstar (both London-based).
The five firms employ a combined 4,000 staff with combined revenue in excess of £500million.
The company has a strategic focus on four key areas of the energy transition: emissions reduction; clean hydrogen; power efficiency; and resilience management, and carbon capture and storage.
All businesses will be controlled by global private equity firm SCF Partners.
D2Zero at the 'forefront' of the energy transition
The firm will be led by Bob Drummond, who has been in charge at Hydrasun for two decades.
D2Zero's new CEO said: “D2Zero stands at the forefront of the energy transition.
"We provide multiple decarbonisation and clean energy solutions, whilst also providing a range of mission critical products, services and solutions in support of our customers' operations within key industry sectors.
"By working closely with our customers on delivering decarbonisation today, we are accelerating progress towards achieving their net zero objectives for tomorrow."
Chairman of the new firm and partner at SCF, Colin Welsh, added: "The launch of D2Zero reflects SCF’s belief in the global imperative to reduce emissions, investing and innovating to deliver the energy transition while sustaining a safe, affordable, and reliable energy supply.
"D2Zero’s activities are therefore focused on maintaining and decarbonising traditional energy sources, supporting the development and growth of transitional energy sources and related infrastructure; and innovating to deliver breakthroughs in transformational energy technologies.
"Bringing these businesses together is a key first step in creating a decarbonisation platform of scale that offers game changing solutions across a range of technologies."