SCF Partners announces D2Zero -  A New Leader in Decarbonising Energy and Industry

Aberdeen, UK – January 2024 – SCF Partners (“SCF”) announces the formation of D2Zero, a decarbonisation and clean energy solutions platform. D2Zero combines differentiated technologies and solutions to help customers across a range of industries deliver on their decarbonisation and net zero objectives.

D2Zero is the combination of five existing UK portfolio companies with deep expertise in providing engineering and operations support services for critical energy infrastructure. Each has differentiated technologies and capabilities to decarbonise traditional energy whilst supporting the development of emerging energy sources.  The companies within D2Zero provide a range of innovative decarbonisation capabilities that will accelerate customers’ progress towards achieving their decarbonisation and net zero objectives –delivering decarbonisation towards zero (D2Zero). Together they create a business of scale with revenues in excess of £500 million and a committed workforce of 4,000 people.

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.

D2Zero is the combination of five SCF portfolio companies.

·         Score Group - a global market leader in the provision of advanced engineering and technology solutions for flow control and gas turbine applications across industries. Score’s expertise enables customers to manage and reduce emissions from valve operations and related infrastructure.

·         Hydrasun - a global market leader in the provision of integrated fluid transfer, power and control solutions and services. Hydrasun has an established track record delivering early-stage hydrogen projects for transportation and city scale decarbonisation.

·         Fuel Cell Systems - an innovative provider of hydrogen systems, including the  design, build, and supply of proprietary refueling systems for hydrogen mobility applications and integrated modular electrolyser systems for hydrogen production, storage and dispensing.

·         Powerstar - a market-leading smart energy solutions provider, specialising in the design and manufacture of power management technologies, providing voltage optimisation, battery storage, and microgrid solutions to industry. Powerstar's  engineering capability and technologies equip it to address the increasing challenges associated with grid constraints and electrification of industry.

·         Global E&C – a recognised specialist provider of design, engineering, modification, maintenance and commissioning services to the both the conventional and emerging energy industries, leveraging digital technologies and smart modularised  solutions to decarbonise offshore and onshore infrastructure.

D2Zero is led by Bob Drummond, Chief Executive Officer, with 40 years’ of experience in strategic and operations management across energy industries. Bob was CEO of Hydrasun since 2003, transforming the business into the  recognised market leader in the provision of integrated fluid transfer, power and control solutions to the energy, OEM, marine, renewables and defence industries worldwide. The D2Zero management team brings together first rate industry leaders united by a common purpose to satisfy growing global energy demand with decarbonised solutions.

Further information on the business and its strategy will be announced at a formal launch of D2Zero later in Q1 2024.  

D2Zero’s Chairman, Colin Welsh, a Partner at SCF, said: “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.”

Bob Drummond, Chief Executive Officer of D2Zero, 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.”