Sumitomo Corporation through Sumitomo Corporation of Americas has made a strategic investment in Independence Hydrogen to enhance decentralized hydrogen production and distribution projects in the United States. Independence Hydrogen is known for its decentralized hydrogen business model and operates a production facility in Petersburg, Virginia, which converts wasted hydrogen into fuel cell grade hydrogen. The company's focus on smaller scale and decentralized hydrogen supply aims to address reliability and cost concerns while providing quick market entry. The advantages of hydrogen as a fuel include longer range, quick refueling, and environmental benefits. Sumitomo Corporation sees potential in Independence Hydrogen's distributed business model to unlock growth in an underserved segment. The collaboration with Suburban Propane and Hivers & Strivers is expected to support further expansion. Independence Hydrogen's CEO, Dat Tran, expresses enthusiasm about working with Sumitomo Corporation and their foundation investors to accelerate business growth. Sumitomo Corporation, with a long-term favorable view of hydrogen development, brings its experience and expertise in the energy sector to the partnership. This investment is poised to drive sustainability and innovation in the energy market, aligning with the companies' shared commitment to creating value for society.