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Stephenson Harwood advises Protium Green Solutions on its £31m Series B funding round
Law firm Stephenson Harwood LLP has advised Protium Green Solutions Limited, a green hydrogen energy solutions provider, on its £31m Series B funding round.
Stephenson Harwood also advised Protium Green Solutions on its Series A funding round.
Protium is a leading full value chain green hydrogen energy solutions provider who develops, owns and operates renewables and green hydrogen infrastructure, to deliver dedicated zero emission energy services to customers in the UK and EU. With this latest investment, Protium aims to accelerate its UK initiatives while also positioning itself for international expansion.
The round was led by existing investors Barclays Principal Investments and SWEN Capital Partners, with additional new investment from ITOCHU Corporation and Toho Gas. The cross-border transaction is a key growth milestone for one of the UK's leading green hydrogen providers and aligns with the firm's energy transition area of focus.
Christopher Jackson, CEO & Founder of Protium, said, “We are delighted with the additional investment that our partners Barclays and SWEN have provided to the company, and that we have been able to bring two new industrial investors, ITOCHU and Toho, to join the business. We truly believe that having world leading investors is crucial to success in the green hydrogen market, and we could not ask for a better group of partners to support the next steps of our journey.”
Partner Kristian Shearsby led the team, supported by associates Zoe Yuile and Samuel Tyler. Further support was provided by corporate partner Richard Coleman and tax partner Shofiq Miah.