Protium Green Solutions Ltd. has secured over £31 MM of financing to accelerate its UK projects and commercial deployment of its existing portfolio in its Series B funding round. The round was led by existing investors Barclays Principal Investments and SWEN Capital Partners (through its direct impact strategy, SWEN Impact Fund for Transition), and supported by new investments from ITOCHU Corporation (ITOCHU) and Toho Gas Co.

Christopher Jackson, CEO & Founder of Protium, said, “We are delighted with the additional investment that our partners Barclays and SWEN have provided to the company, and that we have been able to bring two new industrial investors, ITOCHU and Toho, to join the business. We truly believe that having world leading investors is crucial to success in the green H₂ market, and we could not ask for a better group of partners to support the next steps of our journey.”

Steven Poulter, Head of Barclays Climate Ventures said, “Today’s round reaffirms that green H₂ is key to the energy transition, recognizing that electrification alone won’t decarbonize all aspects of our economy, particularly industry. With its end-to-end service, Protium is playing a key role in scaling both the production and supply of green H₂, presenting significant revenue opportunities as the demand for green H₂ grows.”

Thibauld Thuilliez, Investment Director SWEN Capital Partners said, “As a longstanding investor in Protium, I am delighted to continue supporting the company in its growth and ambitions. It is a privilege to back such a highly regarded and experienced team, a true leader in the green H₂ sector in the UK.”

Kazuhiko Inomata, Deputy Chief Operating Officer, Energy & Chemicals Division, ITOCHU Corporation said, “We are excited to take part in H₂ ecosystem led by Protium, who has become one of the leading players within UK green H₂ space supported by experienced management team and its consumer-oriented approach enabling to materialize H₂ value chain. Down the road, we look to expand its unique business model into international markets by leveraging our global network with a wide range of customers who need to decarbonize its supply chain with H₂. We look forward to supporting the execution of Protium’s growth strategy over the coming years as a strategic shareholder.”

Mitsuhiro Otsu, Executive Officer and General Manager of Business Development Department, Toho Gas Co., Ltd. said, “We are delighted to participate in Protium’s Series B funding round. We firmly believe that Protium’s local production and consumption model for green H₂ plays a significant role in accelerating regional decarbonization and aligns well with our vision for energy solutions. Through collaboration with Protium, we aim to contribute to the realization of a low-carbon and decarbonized society.”