Sumitomo Corporation of Americas Invests in Independence Hydrogen with Akin's Guidance
Key Ideas
- Sumitomo Corporation of Americas strategically invests in Independence Hydrogen, a gaseous hydrogen manufacturer and distributor in the US.
- Akin advised on the transaction with a team led by W. Robert Shearer and Rebecca Hill, including various partners and counsel.
- The deal highlights a move towards decentralized hydrogen businesses and energy transition initiatives in the United States.
- Akin, a prominent law firm with a global presence, facilitated the investment indicating a positive outlook on hydrogen's role in the future energy landscape.
Sumitomo Corporation of Americas made a strategic investment in Independence Hydrogen, a company specializing in gaseous hydrogen production and distribution across the United States. The investment was advised by the law firm Akin, with a team led by W. Robert Shearer and Rebecca Hill, along with several partners and counsel specializing in various fields such as private equity, projects, energy transition, tax, and international trade. This move signifies a growing interest in decentralized hydrogen businesses and the ongoing energy transition efforts within the US market. Akin, noted for its international presence with offices worldwide, played a key role in facilitating the transaction, emphasizing the positive sentiment towards hydrogen's potential in shaping the future energy landscape.