ITOCHU Corporation Acquires Protium Green Solutions: Advancing Green Hydrogen Solutions Globally
Key Ideas
- ITOCHU Corporation acquires shares of Protium Green Solutions, a leading green hydrogen solution provider for industrial and transportation sectors.
- Green hydrogen, produced through water electrolysis with renewable energy, is crucial for achieving carbon neutrality in industries and enabling decarbonization in transportation.
- The UK, where Protium is based, has advanced hydrogen policies and subsidies, with Protium actively providing tailored hydrogen solutions to customers since 2023.
- ITOCHU aims to promote Protium's green hydrogen solutions in Asia, supporting the growth strategy to realize a low-carbon society globally.
ITOCHU Corporation has acquired shares of Protium Green Solutions, a prominent green hydrogen solution provider based in London, UK. Green hydrogen, generated through water electrolysis using renewable energy sources, is recognized as pivotal in achieving carbon neutrality across industries and facilitating the decarbonization of transportation. Protium, operating in a country with advanced hydrogen policies and subsidies, has been delivering customized hydrogen solutions to various customers since 2023. ITOCHU's investment aims to expand Protium's green hydrogen solutions internationally, focusing on markets in Asia such as Japan, leveraging its extensive customer network committed to carbon neutrality. The collaboration seeks to advance the growth strategy of Protium and contribute to the realization of a low-carbon society on a global scale.
Topics
Green Hydrogen
Technology
Sustainability
Investment
Energy Transition
Transportation
Partnership
Industry
Global Expansion
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