TotalEnergies, a global energy company, has announced its investment in the newly launched “Japan Hydrogen Fund.” The fund, backed by major Japanese corporations, aims to advance the low-carbon hydrogen value chain.
Japan Hydrogen Fund Secures Over $400 Million in Capital
The Japan Hydrogen Fund has secured over $400 million in capital from leading Japanese entities, including:
- Toyota Motor Corporation
- Iwatani Corporation
- Sumitomo Mitsui Banking Corporation
- MUFG Bank
- Tokyo Century Corporation
- Japan Green Investment Corp. for Carbon Neutrality
- Bank of Fukuoka
Advantage Partners, a prominent private equity firm in Japan, manages the fund. The Japan Hydrogen Association (JH2A), Japan’s largest private hydrogen promotion council, spearheads the initiative.
TotalEnergies Supports Low-Carbon Hydrogen Solutions
Helle Kristoffersen, President of Asia and a TotalEnergies’ Executive Committee member, expressed enthusiasm about the company’s involvement. “TotalEnergies is excited to support this ambitious fund focused on developing the hydrogen value chain,” she stated. Kristoffersen emphasized that collaborative efforts are crucial for bringing low-carbon hydrogen solutions to industrial scale.
This partnership aligns with TotalEnergies’ objective of being a leading global player in the energy transition. It allows the company to capitalize on the vibrant hydrogen ecosystem within the Japanese market.
TotalEnergies’ Commitment to Advancing Clean Energy Solutions
TotalEnergies’ investment in the Japan Hydrogen Fund complements its previous efforts in the hydrogen sector. In 2021, the company launched the Hy24 clean hydrogen infrastructure fund with Air Liquide and VINCI.
TotalEnergies is a prominent global energy firm engaged in producing and marketing diverse energy sources. These include oil, biofuels, natural gas, green gases, renewable energy, and electricity. The company employs over 100,000 people across approximately 120 countries.
TotalEnergies is committed to providing reliable, cost-effective, and environmentally sustainable energy. It places a strong emphasis on sustainability in its strategic approach, project execution, and day-to-day operations. The company’s continued investment in hydrogen technology reflects its dedication to advancing clean energy solutions.
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