Mitsubishi Heavy Industries (MHI) has invested in Koloma, a startup company headquartered in Denver, Colorado. The investment has been executed through Mitsubishi Heavy Industries America, Inc. (MHIA), which joins a syndicate of investors, including Breakthrough Energy Ventures, Amazon's Climate Pledge Fund, United Airline’s Sustainable Flight Fund and Energy Impact Partners.

Koloma is a geologic hydrogen company that leverages its technology, proprietary data, and human capital advantages to identify and commercialize geologic hydrogen on a global scale. Earlier this year, Koloma received a $900,000 award from ARPA-E to advance its work. (Earlier post.)

The oxidation-reduction reaction known as serpentinization is a water-rock reaction that continuously produces and stores quantities of hydrogen in geological formations. Studies have suggested that the earth naturally replenishes up to 23 Mt/year (or 30% of today’s annual hydrogen demand) through these processes. This naturally occurring and regenerative gas is known as geologic hydrogen.

Koloma is actively engaged in exploration and appraisal of assets that could play a significant role in global decarbonization efforts. As the rapidly emerging geologic hydrogen industry takes shape, Koloma’s data-driven approach helps power the discovery of geologic hydrogen resources around the world.

Building a hydrogen solution ecosystem is one of the core strategies in the energy transition business for MHI. In MHI’s role as a value chain solutions provider, we are aiming to accelerate the hydrogen economy by both offering cutting-edge technologies and enabling breakthrough innovations in the hydrogen space through investments into startups.

—Takajiro Ishikawa, President and CEO of MHIA

Koloma also has established an exclusive partnership with Xcalibur Smart Mapping to accelerate the discovery and development of geologic hydrogen resources worldwide. This collaboration unites Koloma’s advanced technology and data solutions with Xcalibur’s expertise in mapping hydrogen-rich geological formations.