TotalEnergies Joins Japan Hydrogen Fund for Low-Carbon Future
Key Ideas
  • TotalEnergies invests in Japan Hydrogen Fund, joining major Japanese corporations to advance low-carbon hydrogen value chain.
  • The fund, managed by Advantage Partners and spearheaded by Japan Hydrogen Association, secures over $400 million at initial close.
  • TotalEnergies' commitment aligns with its goal of being a global player in energy transition and complements its previous hydrogen investments.
  • TotalEnergies, a global energy firm, emphasizes sustainability in its operations and aims to drive progress in the energy sector.
TotalEnergies has announced its participation in the newly launched 'Japan Hydrogen Fund' as an investor, joining major Japanese corporations in advancing the low-carbon hydrogen value chain. The fund, which has secured over $400 million in capital at its initial close, aims to foster sustainable development through hydrogen technologies. Managed by Advantage Partners and spearheaded by the Japan Hydrogen Association (JH2A), the fund has received investments from entities like Toyota, Iwatani Corporation, and several others. TotalEnergies' involvement in this initiative reflects its commitment to being a global leader in the energy transition. Helle Kristoffersen, President of Asia at TotalEnergies, expressed enthusiasm about the partnership, highlighting the importance of collaborative efforts in developing low-carbon hydrogen solutions. This investment is in line with TotalEnergies' strategy of advancing clean energy solutions and supporting sustainable practices. The company's previous endeavors in the hydrogen sector, such as the Hy24 clean hydrogen infrastructure fund launched in 2021, further demonstrate its dedication to driving progress in clean energy. TotalEnergies, a global energy firm with operations in around 120 countries, places a strong emphasis on sustainability in its operations. With a workforce of over 100,000 employees, the company is focused on providing environmentally sustainable energy solutions. By investing in various energy sources and promoting sustainability in its strategic approach, TotalEnergies aims to contribute to a more sustainable energy future and drive innovation in the energy sector.
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