Mitsubishi Heavy Industries Invests in Koloma, a US-Based Geologic Hydrogen Exploration Startup
TOKYO, Oct 16, 2024 - (JCN Newswire via SeaPRwire.com) - Mitsubishi Heavy Industries, Ltd. (MHI) announced that it has invested in Koloma, a startup company headquartered in Denver, Colorado. The investment has been executed through Mitsubishi Heavy Industries America, Inc. (MHIA), which joins a syndicate of investors, including Breakthrough Energy Ventures, Amazon's Climate Pledge Fund, United Airline's Sustainable Flight Fund and Energy Impact Partners.Koloma Natural Hydrogen Exploration SiteKoloma is a geologic hydrogen company that leverages its technology, proprietary data, and human capital advantages to identify and commercialize geologic hydrogen on a global scale. Koloma is actively engaged in exploration and appraisal of assets that will play a significant role in global decarbonization efforts. As the rapidly emerging geologic hydrogen industry takes shape, Koloma's data-driven approach helps power the discovery of geologic hydrogen resources around the world."Building a hydrogen solution ecosystem is one of the core strategies in the energy transition business for MHI," said Takajiro Ishikawa, President and CEO of MHIA. "In MHI's role as a value chain solutions provider...
