Mitsubishi buys stake in Norwegian H2 startup

Mitsubishi Heavy Industries has purchased equity worth NOK 120 million in Norwegian hydrogen startup Hydrogenpro through newly issued shares in connection with the latter's Oslo IPO.

The Mitsubishi conglomerate has now purchased a position in a Norwegian hydrogen company. | Photo: Kim Kyung Hoon/Reuters/Ritzau Scanpix

Green Norwegian companies are in high demand, as witnessed by groups like Nel and Scatec Solar soaring on the stock market.

Now one of Japan's industrial giants has bought the latest stake in the segment – a company hitting the Oslo Stock Exchange's Merkur Market Wednesday via an initial public offering.

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