Sumitomo Corporation Group, through its U.S. subsidiary, Sumitomo Corporation of Americas, has made a strategic investment in Independence Hydrogen to support the expansion of decentralized hydrogen production and distribution projects in the United States. Independence Hydrogen, a veteran-founded and operated company, specializes in the decentralized production and distribution of gaseous hydrogen through its DeHy® business model. The company's approach involves recycling hydrogen waste into fuel cell grade hydrogen for customers in sectors like material handling, mobility, and industrial gas. Independence Hydrogen's emphasis on decentralized hydrogen supply and transportation addresses concerns related to reliability, cost, and speed to market. The collaboration with Sumitomo Corporation Group, Suburban Propane, and Hivers & Strivers is expected to propel Independence Hydrogen's growth by tapping into underserved segments in the market. Both Sumitomo Corporation Group and Independence Hydrogen share a positive outlook on hydrogen development. Sumitomo Corporation's long-term perspective on hydrogen aligns with Independence Hydrogen's goal of providing clean, affordable hydrogen solutions. This partnership signifies a significant step towards advancing the use of hydrogen as a fuel in various industries, promoting sustainability and innovation in the energy sector.