In Japan, Mitsubishi Heavy Industries (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 is a geologic hydrogen company that works to identify and commercialize geologic hydrogen on a global scale. “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, we are aiming to accelerate the hydrogen economy by both offering cutting-edge technologies and enabling breakthrough innovations in the hydrogen space through investments into startups.” Pete Johnson, CEO of Koloma, said: “Partnerships with industrial leaders like MHI will maximize the positive impact geologic hydrogen can have as a new clean primary energy source. We look forward to collaborating and innovating together to drive progress in this field and in the broader energy transition.”
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