Advantage Partners Leads the Way with Japan Hydrogen Fund Formation
Key Ideas
- White & Case LLP advised Advantage Partners in the successful formation of the Japan Hydrogen Fund, a significant step in advancing the hydrogen economy.
- The Japan Hydrogen Fund, established in collaboration with Japan Hydrogen Association, aims to develop the hydrogen society by investing in related infrastructure and technology.
- The Fund's first closing saw over US$400 million committed by investors including Toyota, Mitsubishi, and Total Energies, indicating strong support for hydrogen initiatives.
- The partnership between JH2A and Advantage Partners seeks to address climate change by establishing hydrogen supply chains, creating demand, and reducing costs through innovation.
White & Case LLP, a global law firm, has played a key role in advising Advantage Partners, a prominent Asian private equity firm, in the establishment of the Japan Hydrogen Fund. Led by Eriko Sakata, the Fund is a groundbreaking initiative dedicated to advancing the hydrogen economy. The Japan Hydrogen Fund, formed under the collaboration between Japan Hydrogen Association and Advantage Partners, recently completed its first closing with a substantial commitment exceeding US$400 million from notable investors such as Toyota, Mitsubishi, and Total Energies. This funding demonstrates a strong endorsement and support for hydrogen-related projects. The partnership between JH2A and Advantage Partners, initiated in 2023, aims to combat global climate change by building hydrogen supply chains in Japan and worldwide, fostering demand, driving innovation to lower costs, and backing essential businesses. The Fund will focus on investing in hydrogen infrastructure and technology to accelerate the global hydrogen supply chains, leveraging collaborations between the public and private sectors for scalability and success. The team at White & Case LLP, including professionals from Tokyo, London, and New York, provided legal counsel for this milestone transaction. The formation of the Japan Hydrogen Fund marks a significant milestone in the journey towards a sustainable and hydrogen-powered future, with a strong emphasis on financial, environmental, and technological aspects.
Topics
Investing
Infrastructure
Climate Change
Technology
Investment
Collaboration
Asia-Pacific
Private Equity
Financial Services
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