Sumitomo Corporation, through its U.S. subsidiary Sumitomo Corporation of Americas, has announced a strategic investment in Independence Hydrogen to further develop decentralized hydrogen production and distribution projects across the United States. This collaboration aims to capitalize on Independence Hydrogen's innovative distributed business model, which is expected to drive growth in the hydrogen sector. The partnership, supported by foundation investors Suburban Propane and Hivers & Strivers, seeks to expand the reach of hydrogen as a fuel, benefiting industries like material handling, mobility, and industrial gas sectors. Sumitomo's extensive experience in the energy and hydrogen sectors is anticipated to bolster the efforts to accelerate the growth of Independence Hydrogen's operations.
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