Sumitomo Corporation (Head Office: Chiyoda-ku, Tokyo; Representative Director, President and Chief Executive Officer: Shingo Ueno) signed a comprehensive memorandum of understanding (“the MOU”) with the Department for Business and Trade’s Office for Investment under the UK government on July 9, 2025. This MOU outlines a shared commitment whereby Sumitomo Corporation, together with its business partners, plans to participate in investment projects in the UK amounting to a total of 7.5 billion pounds (approximately 1.46 trillion yen) by 2035 – including investments already made in existing businesses. The UK government has expressed its intention to support these efforts. A signing ceremony hosted by the UK Department for Business and Trade was held yesterday at the British Embassy in Tokyo.
Photo from the signing ceremony
Offshore Wind Power Galloper Offshore Wind Farm
Five Estuaries Offshore Wind Farm, among others
CCS / Hydrogen CO2 storage licenses in the UK North Sea
Peak Cluster CO2 transport project
Low-carbon hydrogen production project around the Bacton Gas Terminal
Railway Operation of the Elizabeth Line on behalf of Transport for London
Fusion Energy Collaboration with Tokamak Energy on fusion energy development
Corporate Venture Capital (CVC) Expansion of Presidio Ventures into the UK
Sumitomo Corporation will continue to strengthen its collaboration with the UK government and further promote business investment in the UK.Hajime Mori, Managing Executive Officer, Group CEO, Energy Transformation Business Group, Sumitomo CorporationWe have made active investments in several business sectors in the UK, including decarbonisation and clean energy. Under the UK’s new industrial strategy, clean energy is designated as a priority sector. Through this agreement with Office for Investment, we will continue to leverage our strengths to drive growth in the clean energy sector in the UK.Hiroyuki Koike, Managing Executive Officer, General Manager for Europe, Sumitomo CorporationWe are inspired by the UK government’s active promotion and support of private investment which has helped to improve the business environment in many areas. We hope that this comprehensive MOU with the Office for Investment will further strengthen the relationship between the UK government and Sumitomo Corporation, and that we will contribute more to the development of the UK economy and society through our business.Emil Levendoğlu, Chargé d’Affaires, British Embassy TokyoThis £7.5 billion investment from Sumitomo Corporation is the latest example of the strength of UK-Japan cooperation on clean energy infrastructure. It’s also a concrete demonstration of the commitment to deepened partnership signalled by Minister Muto and Secretary of State Reynolds when they signed an offshore wind Memorandum of Cooperation at the Economic 2+2 dialogue in March this year.
Japanese investment in our offshore wind and infrastructure projects is perfectly aligned with the UK’s Modern Industrial Strategy, securing home-grown, clean power while creating high-value jobs in the UK and Japan, driving sustainable economic growth for both nations.Martin Kent, His Majesty’s Trade Commissioner for Asia PacificThis new agreement with Sumitomo Corporation is a further step forward in the UK’s deep and enduring partnership with Japan and the wider Asia Pacific. The UK is already a globally connected, open, and stable economy – and we are providing greater confidence and stability through our new Industrial Strategy. Our message is this: The UK is not only open for business, we are ready to build the future with the Asia Pacific.
(*1) CCS: Abbreviation for Carbon dioxide Capture and Storage, a technology for capturing, transporting and storing CO2 emitted from industrial activities.
(*2) Fusion Energy: A fusion reaction refers to the process in which light atomic nuclei, such as hydrogen, fuse together to form a slightly heavier nucleus, such as helium, releasing a substantial amount of energy. The thermal energy generated through this reaction can be harnessed for power generation. As it offers stable fuel supply and emits no greenhouse gases, it is expected to serve as a next-generation primary energy source, alongside or in place of nuclear fission and fossil fuel power.
Related news releases / topics:
Sumitomo Corporation to invest in Galloper Offshore Wind Farm
Sumitomo Corporation participates in development of Five Estuaries Offshore Wind Farm in the UK
Acquisition of Carbon Storage Licenses in UK North Sea
Investment in CO2 transportation pipeline project to decarbonize UK cement and lime industry
Joint development agreement for low-carbon hydrogen production in the vicinity of the Bacton gas terminal in the UK
Tokyo Metro and Sumitomo Corporation to be part of consortium to operate UK’s Elizabeth line
Collaboration with UK’s Tokamak Energy Towards the Social Implementation of Fusion Energy