UK firms raises £40.5m to expand its green hydrogen portfolio

A UK-based green hydrogen energy firm has secured £40.5m ($50.54m) of investment, which it claims is the largest funding secured for green hydrogen development in the UK to date, to expand its hydrogen portfolio.

Protium announced today (June 10), it had raised the funds to scale-up its teams regionally throughout the UK and across Europe, in a bid to meet national 2050 Net Zero goals.

H2 View understands the funding will be used to accelerate its portfolio of over 250MW green hydrogen projects, including the 40MW green hydrogen project in Teesside, England.

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