Sumitomo Corporation Signs £7.5 Billion Investment Memorandum with UK Government

14 July 2025, Tokyo: Japan’s Sumitomo Corporation has signed a comprehensive Memorandum of Understanding (MoU) with the UK Government’s Department for Business and Trade’s Office for Investment, solidifying a long-term partnership to accelerate investments in the UK’s clean energy and infrastructure sectors.

The MoU, signed on July 9, 2025, outlines Sumitomo Corporation’s commitment—along with its business partners—to contribute up to £7.5 billion (approximately 1.46 trillion yen) in UK-based projects by 2035, including existing investments. The UK Government, in turn, has pledged support for this collaborative initiative.

A formal signing ceremony took place at the British Embassy in Tokyo, attended by senior leaders from Sumitomo Corporation and representatives of the UK Government.

Sumitomo Corporation has a longstanding footprint in the UK, with active business investments spanning offshore wind power, carbon capture and storage (CCS), hydrogen production, and railway operations. It is also advancing the commercialization of next-generation technologies such as fusion energy and integrated energy storage solutions.

Major Projects in the UK Include:

• Offshore Wind Power: Galloper and Five Estuaries Offshore Wind Farms
• Carbon Capture & Hydrogen: CO₂ storage licenses in the UK North Sea, the Peak Cluster CO₂ transport project, and low-carbon hydrogen development at the Bacton Gas Terminal
• Rail Infrastructure: Operational management of the Elizabeth Line for Transport for London
• Fusion Energy: Strategic collaboration with Tokamak Energy
• Venture Capital: Expansion of Sumitomo’s CVC arm, Presidio Ventures, into the UK

Commenting on the agreement, Hajime Mori, Managing Executive Officer and Group CEO of the Energy Transformation Business Group, Sumitomo Corporation, said, “We 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 the 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 and General Manager for Europe, added, “We are inspired by the UK Government’s active promotion and support of private investment, which has helped improve the business environment in many areas. We hope this MoU will further strengthen the relationship between Sumitomo Corporation and the UK Government, and contribute more to the development of the UK economy and society.”

Emil Levendoğlu, Chargé d’Affaires at the British Embassy in Tokyo, stated, “This £7.5 billion investment from Sumitomo Corporation is the latest example of the strength of UK–Japan cooperation on clean energy infrastructure. It is a concrete demonstration of the commitment signalled by Minister Muto and Secretary of State Reynolds when they signed the offshore wind Memorandum of Cooperation earlier this year.”

Martin Kent, His Majesty’s Trade Commissioner for Asia Pacific, emphasized, “This agreement is a further step forward in the UK’s deep and enduring partnership with Japan. The UK’s open, globally connected economy—with a renewed focus on long-term industrial strategy—makes us ready to build the future together with the Asia Pacific region.”

Through this landmark partnership, Sumitomo Corporation reinforces its commitment to decarbonisation, innovation, and long-term economic collaboration between Japan and the United Kingdom.

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