b'E N E R X E CG R OV V I S I TE G Y U T I UEP SCOA Invests in EmergentHydrogen Fuel ProviderO n January 27, Sumitomo Corporation of Americas announced its investment in OneH2, a hydrogen fuelcompany providing scalable and mobile hydrogen fuel systems coupled with cost-effective hydrogenfor forklifts, industrial vehicles, and truck markets nationwide. SCOAs investment will help the company deploy We believe hydrogen fuel demand will continue to full turn-key hydrogen solutions, creating a nationalincrease across the US in the years to come. Utilizing fuel production and distribution network to serveexisting energy infrastructure is one of the keys for transportation markets at a competitive price. hydrogen to reach those demands and be cost- OneH2 delivers a unique end-to-end solution thatcompetitive with existing fossil fuels. Our investment guarantees production, distribution and monitoringstrategy is based on a distributed production model of zero-emission hydrogen fuel. Their hydrogenthat would use natural gas infrastructure to produce fuel is ready for immediate use, already converted tohydrogen, said Yamaguchi.high-pressure gaseous fuel that takes only minutes The new growth capital provided by SCOA andto dispense.other investors will provide an array of support OneH2 specializes in providing cost-competitivetoward advancing OneH2s business, including energy hydrogen fuel and proprietary distribution solutions.infrastructure modular hydrogen production units, They are one of the few companies providing storage, and dispensing at the point of refueling, competitive solutions in the rapidly growing hydrogenwhich is often on-site at logistics and distribution fuel space, said Kazuki Yamaguchi, General Managercenters to provide fuel for forklift and truck fleets.of SCOAs Energy Group. As the world faces environmental concerns due to The Sumitomo Corporation Group is activelyglobal warming, greenhouse gas emissions and scarcity engaged in creating new value through hydrogenof natural resources, hydrogen fuel solutions have technology. Globally, the groups activity includesgained traction. As a clean energy source, hydrogen participating in a Series A funding round for Syzygycan help decarbonize a range of industries including Plasmonics, collaborating with US Hybrid to supportchemical, steel, and transportation.fuel cell production for hydrogen-powered public transit, and piloting a Japanese-Australian supply chaincontinued next pagedemonstration case.Sumitomo Corporation of Americas 5'