Sumitomo to invest £7.5bn in UK clean energy and infrastructure by 2035

Japan’s Sumitomo Corporation has committed to investing £7.5 billion ($10 billion) in the United Kingdom by 2035. The investment will focus on infrastructure, offshore wind, and hydrogen projects.

The agreement was formalised through a memorandum of understanding (MoU) signed with the UK Department for Business and Trade. It includes both future investments and capital already deployed in ongoing ventures.

Sumitomo has an established presence in the UK’s energy landscape. The company is involved in offshore wind, carbon capture and storage, hydrogen, and fusion energy initiatives.

Hajime Mori, managing executive officer and CEO of Sumitomo’s energy transformation business group, said the UK continues to be a key market for clean energy investment. He highlighted the alignment between Sumitomo’s strategy and the UK’s industrial policy, which identifies clean energy as a priority sector.

Mr. Mori stated that the company will keep using its strengths to expand in the UK clean energy sector under this agreement with the Office for Investment.