TotalEnergies Joins Japan Hydrogen Fund for Low-Carbon Hydrogen Development
Key Ideas
- TotalEnergies becomes an investor in the Japan Hydrogen Fund, contributing to over $400 million for low-carbon hydrogen development.
- The fund, managed by Advantage Partners, aims to promote sustainable hydrogen value chains with the support of major Japanese companies.
- Helle Kristoffersen of TotalEnergies expresses enthusiasm for collective efforts in scaling low-carbon hydrogen solutions globally.
- This commitment aligns with TotalEnergies' goal to be a significant player in the energy transition, following their previous initiatives in clean hydrogen infrastructure.
TotalEnergies has joined the Japan Hydrogen Fund, a fund dedicated to advancing the low-carbon hydrogen value chain. The fund, with an initial endowment of over $400 million, includes prominent Japanese investors like Toyota, Iwatani, and Sumitomo Mitsui Banking Corporation. Managed by Advantage Partners and launched by the Japan Hydrogen Association (JH2A), the fund aims to promote sustainable development with hydrogen. TotalEnergies' entry as the only non-Japanese investor signifies their commitment to global energy transition efforts. Helle Kristoffersen, President of Asia at TotalEnergies, highlights the importance of collective efforts in enabling industrial-scale low-carbon hydrogen solutions. This move follows TotalEnergies' previous initiative in launching the Hy24 clean hydrogen infrastructure fund in 2021, demonstrating their dedication to advancing clean energy solutions.