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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.
Strategic Biofuels Announces Strategic Investment from Magnolia Sustainable Energy Partners
Columbia, LA – Strategic Biofuels, a leading sustainable aviation fuels (SAF) project developer, announced today a strategic investment commitment from Magnolia Sustainable Energy Partners (M-SEP), a newly formed Japanese-based investment consortium created by SCOA Sumitomo Corporation of Americas (SCOA) and JX Nippon Oil & Gas Exploration Corporation (JX). The investment from M-SEP will be used to further advance the company’s flagship
Maritime Industry Leaders to Explore Ammonia as Marine Fuel in the U.S. West Coast
Oakland, CA – American Bureau of Shipping, CALAMCO, Fleet Management Limited, Sumitomo Corporation and TOTE Services, LLC (“TOTE Services”) today announced the execution of a Memorandum of Understanding (MOU) to jointly conduct a feasibility study (hereinafter “Study”) with the aim to be one of the pioneers in establishing a comprehensive and competitive supply chain for
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SCOA and Invest Alberta Sign MOU to Accelerate Energy Transition throughout Province of Alberta, Canada
SCOA and Invest Alberta announced today the signing of a Memorandum of Understanding to partner together to support SCOA’s development of clean energy initiatives throughout the province of Alberta, Canada. The partnership will serve as a catalyst for developing energy transition opportunities within Alberta which has one of the world’s most advanced regulatory systems in place