Founded in 2019, the company provides end-to-end sustainable energy solutions by designing, developing, financing, owning, and operating green hydrogen infrastructure for clients. As the energy sector is responsible for approximately three-quarters of greenhouse gas emissions, Protium focuses on three core hard-to-abate sectors: green aviation, consumer-facing industrials, and commercial transport to help reduce CO2 emissions. To ensure the best solution for these sectors, Protium uses a holistic approach through integrating other renewables, such as wind and solar, with green hydrogen to create the optimal outcome for clients, investors and local communities.
In summer 2022, Protium secured £40.5m investment in its latest funding round led by SWEN Capital Partners, through its SWIFT 2 fund. Additional investment comes from Barclays’ Sustainable Impact Capital programme, and existing Protium investors.
The funding round is the largest funding secured for a pure play green hydrogen energy company in the UK to date.
Protium is one of fewer than ten global green hydrogen energy companies who have secured institutional funding of more than £20m. The company is now uniquely poised to play a critical role in building the decentralised infrastructure critical to decarbonise the UK economy and meet the goal of achieving Net Zero by 2050.
This funding will allow Protium to accelerate its growing portfolio of >500MW of green hydrogen projects, including its flagship project in Magor South Wales with Budweiser and its 40MW green hydrogen project in Teesside, through planning, engineering and permitting.
Protium intends to significantly scale-up its teams regionally throughout the UK and also across Europe.
This round will also support the development of Protium’s in-house digital capabilities including its digital twin and energy system optimisation expertise, as well as enhancing its project and operational efficiency systems.
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