Sumitomo Corporation of Americas Makes Strategic Investment in Hydrogen Fuel Provider OneH2
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NEW YORK, Jan. 27, 2021 /PRNewswire/ -- Sumitomo Corporation of Americas ("SCOA"), the largest subsidiary of Sumitomo Corporation, one of the world's largest traders of goods and services, announced today its investment in OneH2, a hydrogen fuel company headquartered in Longview, North Carolina. SCOA's investment will help the company deploy full turnkey hydrogen solutions, creating a national fuel production and distribution network to serve transportation markets at a competitive price.
OneH2 is a hydrogen production and distribution company providing fuel primarily for forklifts nationwide. The company delivers hydrogen fuel that is ready for immediate use, already converted to high-pressure gaseous fuel that takes only minutes to dispense. Their solution is both mobile and scalable.