Mitsubishi Heavy Industries, Ltd. (MHI) has announced its strategic investment in Koloma, a Denver-based startup specializing in geologic hydrogen exploration. The investment, made through Mitsubishi Heavy Industries America, Inc. (MHIA), places MHI alongside other prominent investors, including Breakthrough Energy Ventures, Amazon’s Climate Pledge Fund, and United Airlines.
Koloma leverages advanced technology, proprietary data, and a highly skilled team to identify and commercialize geologic hydrogen resources globally. By focusing on exploration and appraisal, Koloma plays a key role in advancing decarbonization efforts as part of the growing geologic hydrogen industry. The company’s data-driven approach aims to accelerate the discovery and utilization of hydrogen as a cleaner energy alternative.
“Building a hydrogen solution ecosystem is central to MHI’s energy transition strategy,” said Takajiro Ishikawa, President and CEO of MHIA. “As a value chain solutions provider, MHI seeks to fast-track the hydrogen economy by offering advanced technologies and fostering innovation through strategic investments in startups.”
Koloma’s CEO, Pete Johnson, welcomed the partnership, stating, “Mitsubishi Heavy Industries’ involvement will help maximize the positive impact geologic hydrogen can have as a new, clean energy source. We look forward to working together to drive innovation in this emerging field and support the broader energy transition.”
MHI Group continues to collaborate with partners and invest in breakthrough technologies aimed at decarbonizing infrastructures and fostering the development of a sustainable hydrogen ecosystem. The company remains committed to providing alternative decarbonization solutions to help achieve global net-zero targets.