The world of blockchain technology and investment is always evolving. The latest development in this area is a strategic investment of VVC, the venture capital firm, in Proton Green. This announcement comes with Proton Green’s first helium sales.
Proton Green is a British-based company focused on building an ecosystem of renewable energy resources. It partners with renewable energy companies, such as wind and solar farms, to provide them with the necessary capital and technology to develop their infrastructure. It is estimated that the company’s investments will contribute to reducing 16 million tons of CO2 emissions in the UK alone.
VVC saw Proton Green as a great opportunity to diversify its portfolio. The company brings a unique approach to the energy market by investing in distributed energy resources, such as storage and micropower generation. This type of investment could potentially provide high yields over time. VVC also found Proton Green’s business model attractive, since it allows customers to purchase green hydrogen, rather than typical polluting energy sources.
Part of this investment was recently used to launch the Proton Green Helium Pilot Project. This initiative involves the sale of the precious element in its compressed form, for use in medical technology and speciality gas supplies. The project is currently being tested in Wales and is projected to reduce the amount of CO2 emissions yearly with its usage.
Proton Green CEO Mark Hodgson when asked about the announcement had this to say, “We are very pleased to have VVC’s support in launching our Helium Pilot Project, which not only reduces carbon emissions but also contributes to the growth of green energy resources.”
This investment could potentially lead to other advances in Proton Green’s portfolio, with the potential to be used for the provision of hydrogen, battery storage, and other clean energy technology. Time will tell how successful VVC’s investment will be, however it is certain that Proton Green’s ventures into the energy market are something to pay attention to.