White Summit Capital AG (“White Summit Capital” or “WSC”), a specialised energy transition, new energies and infrastructure investor, and Marubeni Corporation (“Marubeni”), a leading global conglomerate headquartered in Tokyo, have entered into a Memorandum of Understanding under which Marubeni will cooperate with White Summit Capital in developing a target of 1GW of industrial scale green hydrogen projects primarily in Spain over the next decade, targeting both national and eventually international markets. White Summit Capital is developing such projects through its vertically integrated green hydrogen subsidiary, HyFive (www.hy5ive.com).

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