Hydrogen-related Venture Investment Business

In 2018, MC invested in the hydrogen-related UK venture capital firm AP Ventures as a limited partner. Through AP Ventures, we are identifying promising technologies that will be needed to develop the hydrogen society, and are directly investing in startups that we expect to have business opportunities in the future. So far, in 2019, we invested in Hydrogenious, a German company with hydrogen storage and transportation technology, and in 2023, we invested in hystar, a Norwegian company with water electrolysis technology, which is essential for green hydrogen production. We will continuously strive to utilize new technologies to further create business opportunities going forward.