Sumitomo Corporation of Americas Diversifies into Distributed Energy with Solar and Storage Investment, Opportunity to Expand Globally
Sumitomo Corporation, through Sumitomo Corporation of Americas (hereinafter collectively referred to as, “Sumitomo Corporation Group”) announced today a tax equity investment in a diverse portfolio of solar photovoltaic (PV) plus battery energy storage projects, led by Pacifico Power. Sumitomo Corporation Group is expanding its Green Power Platform business* as evidenced by this investment which will be Sumitomo Corporation Group’s first in distributed generation.