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.”
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