Protium raises £40.5mn in funding round

Cash will allow the firm to accelerate its portfolio of green hydrogen projects and support the development of its in-house digital capabilities

UK green hydrogen project developer Protium has raised £40.5mn ($49mn) in its latest funding round. The money will allow Protium to accelerate its portfolio of green hydrogen projects, which total over 250MW in capacity, and support the development of its in-house digital capabilities. These include its flagship project with Budweiser in Magor, south Wales and a 40MW green hydrogen project in Teesside—both of which will now be moved through to the Feed and permitting stage. The funding comes from Swen Capital Partners, through its Swift 2 fund as well as Barclays’ Sustainable Impact Capital programme and existing Protium investors. “The expertise and resources provided by Swen and Barclays w