TotalEnergies is the only non-Japanese investor at the fund’s stage. (Source: Shutterstock)
TotalEnergies SE has joined the Japan Hydrogen Fund as an investor to develop the low-carbon hydrogen value chain.
Launched by the Japan Hydrogen Association, the fund is being managed by Japanese private equity firm Advantage Partners.
The fund is launching with $400 million invested from Japanese contributors, including Toyota Motor Corp., Iwatani Corp., Sumitomo Mitsui Banking Corp., MUFG Bank, Tokyo Century Corp., Japan Green Investment Corp. for Carbon Neutrality and the Bank of Fukuoka.
TotalEnergies is the only non-Japanese investor at the fund’s stage.
“We are convinced that only a collective effort will enable low-carbon hydrogen solutions to emerge on an industrial scale,” said Helle Kristoffersen, TotalEnergies’ president of Asia and executive committee member. “This initiative aligns with our ambition to be a global player in the energy transition and will also allow us to leverage the dynamism of the hydrogen ecosystem in the Japanese industry.”
Recommended Reading
As Uncertainty Lingers, CCUS Caught in a Catch-22 for Now
2024-10-21 - Wood Mackenzie forecasts capture capacity rising to 2,450 million tons per annum (Mtpa) by 2050.
Air Liquide, TotalEnergies Partner to Produce Hydrogen
2024-11-25 - The hydrogen will be produced and used at Air Liquide and TotalEnergies' La Mède biorefinery in France to produce biodiesel and sustainable aviation fuel.
Energy Transition in Motion (Week of Nov. 29/Dec. 2, 2024)
2024-12-03 - Here is a look at some of this week’s renewable energy news, including a global scaleup of hydrogen and uncertainty in the solar sector.
US Hydrogen Concerns Linger as Next Administration Nears White House
2024-12-11 - BP, EDP Renewables, Inpex and Plug Power executives discuss the state of hydrogen and the hydrogen production tax credit.
Exxon Mobil Targets $2B More Earnings from Low Carbon Solutions
2024-12-17 - Exxon Mobil executives say the pace of growth for areas such as CCS, hydrogen and lithium vary due to uncertainty.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.