Sumitomo Corporation, through its U.S. subsidiary, has made a strategic investment in Independence Hydrogen to enhance decentralized hydrogen production and distribution projects in the United States. Independence Hydrogen, a veteran-founded company operating in Petersburg, Virginia, focuses on manufacturing and distributing gaseous hydrogen through its decentralized business model. The company's approach involves recycling hydrogen that is typically wasted into fuel cell grade hydrogen for customers in various sectors including material handling and mobility. Independence Hydrogen's strategy of smaller scale and decentralized supply addresses reliability and cost concerns while providing speedy market entry. Hydrogen, as a fuel, offers benefits such as longer range, quick refueling, and consistent environmental performance. Sumitomo Corporation expressed confidence in Independence Hydrogen's model, aiming to stimulate growth in an underserved market segment. The collaboration involving Sumitomo Corporation, Suburban Propane, and Hivers & Strivers is expected to play a vital role in expanding the business. The alliance with Suburban Propane, a provider of various energy products and services, and Hivers & Strivers, an investor in veteran-led ventures, is set to accelerate Independence Hydrogen's growth trajectory. Independence Hydrogen's mission aligns with promoting cleaner and safer communities in the U.S. by offering reliable and affordable hydrogen with low carbon intensity. Their business model aims at standardization and scalability, emphasizing speed to market and reduced execution complexity and costs. The investment and partnership highlight the commitment to sustainable energy solutions and business expansion in the hydrogen sector.