MUFG Bank Invests in Japan Hydrogen Fund to Accelerate Society's Transition to Hydrogen
Key Ideas
- MUFG Bank has become a major LP investor in the Japan Hydrogen Fund, focusing on accelerating the use of hydrogen in society.
- The fund aims to scale up the hydrogen supply chain and promote activities for the energy transition in Japan and globally.
- Collaboration between Japan Hydrogen Association, Advantage Partners, and the Ministry of Economy, Trade and Industry is driving the fund's initiatives.
- MUFG is strongly committed to supporting the development of the hydrogen sector and promoting its use through investment and financing capabilities.
MUFG Bank has signed an agreement to invest in the Japan Hydrogen Fund, aiming to accelerate the adoption of hydrogen and scale its supply chain. The fund, created by the Japan Hydrogen Association in partnership with Advantage Partners and the Ministry of Economy, Trade and Industry, focuses on investments in hydrogen to drive its societal usage. MUFG, a member of JH2A, utilizes its financial expertise to promote hydrogen activities through the fund's initiatives. With hydrogen playing a crucial role in Japan's and global energy transition, MUFG is dedicated to contributing to the sector's growth and advancement.