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Mitsubishi Heavy Industries Invests in Koloma, a US-Based Geologic Hydrogen Exploration Startup

TOKYO, Oct 16, 2024 – (JCN Newswire) – Mitsubishi Heavy Industries, Ltd. (MHI) announced that it has invested in Koloma, a startup firm headquartered in Denver, Colorado. The funding has been completed via Mitsubishi Heavy Industries The US, Inc. (MHIA), which joins a syndicate of buyers, in conjunction with Step forward Energy Ventures, Amazon’s Native climate Pledge Fund, United Airline’s Sustainable Flight Fund and Energy Affect Companions.

Koloma Pure Hydrogen Exploration Position

Koloma is a geologic hydrogen firm that leverages its expertise, proprietary recordsdata, and human capital advantages to name and commercialize geologic hydrogen on a world scale. Koloma is actively engaged in exploration and appraisal of assets that can play a massive operate in global decarbonization efforts. As the with out note rising geologic hydrogen change takes form, Koloma’s recordsdata-driven diagram helps vitality the invention of geologic hydrogen assets across the realm.

“Building a hydrogen resolution ecosystem is believed to be one of many core ideas in the vitality transition change for MHI,” acknowledged Takajiro Ishikawa, President and CEO of MHIA. “In MHI’s operate as a label chain solutions provider, we are aiming to hump the hydrogen economy by both offering slicing-edge technologies and enabling step forward improvements in the hydrogen home via investments into startups.”

“We’re infected to welcome Mitsubishi Heavy Industries to the Koloma household,” acknowledged Pete Johnson, CEO of Koloma. “Partnerships with industrial leaders love MHI will maximize the clear impact geologic hydrogen can take into account as a brand new clear necessary vitality supply. We see forward to collaborating and innovating together to drive development on this field and in the broader vitality transition.”

MHI Crew is collaborating with and investing in companions to save modern technologies that can help to decarbonize existing infrastructures and help take into account a hydrogen ecosystem to contribute in direction of achieving a decarbonized society. The Company will continue to bolster and diversify its solutions portfolio to construct potentialities with quite loads of decarbonization technologies to construct their web zero desires.

About MHI Crew

Mitsubishi Heavy Industries (MHI) Crew is believed to be one of many realm’s leading industrial groups, spanning vitality, natty infrastructure, industrial equipment, aerospace and defense. MHI Crew combines slicing-edge expertise with deep expertise to bring modern, built-in solutions that help to achieve a carbon neutral world, reinforce the quality of existence and be clear a safer world. For extra recordsdata, please direct about with www.mhi.com or apply our insights and stories on spectra.mhi.com.


Subject: Press release summary


Source: Mitsubishi Heavy Industries, Ltd.

Sectors: Energy, That that you can per chance factor in selections, Oil & Fuel

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