TotalEnergies Joins Japan Hydrogen Fund to Develop Low-Carbon Hydrogen Value Chain
Key Ideas
- TotalEnergies has become an investor in the Japan Hydrogen Fund, joining Japanese contributors in a $400 million initiative to develop low-carbon hydrogen solutions.
- The fund is managed by Advantage Partners and includes prominent Japanese companies like Toyota Motor Corp. and financial institutions like MUFG Bank.
- TotalEnergies, as the only non-Japanese investor at this stage, aims to be a global player in energy transition and leverage the hydrogen ecosystem in Japan.
- Helle Kristoffersen, TotalEnergies' Asia president, emphasizes the importance of collective efforts to scale up low-carbon hydrogen solutions for industrial use.
TotalEnergies SE has recently joined the Japan Hydrogen Fund as an investor to contribute to the development of the low-carbon hydrogen value chain. The fund, initiated by the Japan Hydrogen Association and managed by Advantage Partners, has garnered investments totaling $400 million from Japanese entities including Toyota Motor Corp., Iwatani Corp., and various financial institutions. TotalEnergies stands out as the sole non-Japanese investor at this stage. The company's Asia president, Helle Kristoffersen, expressed the belief that a collaborative approach is essential for the emergence of large-scale low-carbon hydrogen solutions. By participating in this initiative, TotalEnergies aims to strengthen its position as a key player in the global energy transition and take advantage of the dynamic hydrogen ecosystem in Japan.