Empowering Green Hydrogen Solutions: ITOCHU's Strategic Investment in Protium
Key Ideas
  • ITOCHU Corporation has acquired shares in Protium Green Solutions, a leading provider of green hydrogen solutions for industrial and transportation sectors.
  • Green hydrogen, produced through water electrolysis using renewable energy, is key to achieving carbon neutrality in various sectors.
  • Protium, based in the UK, aligns with the country's hydrogen policies and subsidies, providing customized solutions for heat and transport needs.
  • ITOCHU aims to promote Protium's solutions globally, supporting companies in achieving carbon neutrality and fostering a low-carbon society.
ITOCHU Corporation has made a strategic investment by acquiring shares in Protium Green Solutions Limited, a prominent provider of green hydrogen solutions for industrial and transportation sectors. Green hydrogen, generated through water electrolysis using renewable energy sources, is acknowledged for its crucial role in achieving carbon neutrality. In the UK, where Protium is headquartered, the government has been proactive in promoting hydrogen policies and subsidies, further supporting initiatives like Protium's. Since its inception in 2023, Protium has tailored hydrogen solutions for customers in the industrial and transportation sectors, in alignment with ITOCHU's customer-focused corporate mission. ITOCHU's investment seeks to expand the reach of Protium's green hydrogen solutions globally, with a particular focus on Asian markets, including Japan. Leveraging its global network, ITOCHU aims to assist companies in decarbonizing their supply chains by adopting green hydrogen technologies. The collaboration between ITOCHU and Protium aims to advance the hydrogen society, drive growth, and contribute to the development of a sustainable and low-carbon society.
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