Protium Green Solutions, a British company, has successfully secured over £31m ($38m) in Series B funding to accelerate its hydrogen projects based in the UK. The funding round was led by existing investors Barclays Principal Investments and SWEN Capital Partners, along with new support from ITOCHU Corporation and Toho Gas. This financial boost aims to propel the company's key projects forward, including the development of Pioneer 2 in Wales. Pioneer 2 is set to feature a 2.5MW electrolyser and is expected to significantly decrease carbon emissions by 156,000 tonnes per year. Christopher Jackson, the CEO and Founder of Protium, expressed gratitude for the investment and highlighted the importance of having world-leading investors to succeed in the green hydrogen market. The addition of new industrial investors reflects confidence in Protium's approach and potential for growth. Kazuhiko Inomata from ITOCHU Corporation praised Protium's position in the UK's green hydrogen sector and expressed excitement about expanding their business model internationally. The company's focus on a consumer-oriented approach and experience in managing green hydrogen projects have been instrumental in attracting strong investor support. This funding injection will not only drive the development of hydrogen infrastructure in the UK but also pave the way for future expansion into global markets. With a commitment to sustainability and decarbonization, Protium Green Solutions is at the forefront of advancing green hydrogen technologies.