Commenting on the Series B, 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 hydrogen market, and we could not ask for a better group of partners to support the next steps of our journey.”

Commenting on the Series B, Steven Poulter, Head of Barclays Climate Ventures said:
Today’s round reaffirms that green hydrogen is key to the energy transition, recognising that electrification alone won’t decarbonise 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 hydrogen, presenting significant revenue opportunities as the demand for green hydrogen grows.”

Commenting on the Series B, Kazuhiko Inomata, Deputy Chief Operating Officer, Energy & Chemicals Division, ITOCHU Corporation said:
We are excited to take part in hydrogen ecosystem led by Protium, who has become one of the leading players within UK green hydrogen space supported by experienced management team and its consumer-oriented approach enabling to materialize hydrogen 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 decarbonise its supply chain with hydrogen. 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, 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 hydrogen 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.”