TotalEnergies Joins Japan Hydrogen Fund to Advance Low-Carbon Hydrogen Value Chain
Key Ideas
- TotalEnergies invests in the Japan Hydrogen Fund to support the development of the low-carbon hydrogen value chain in Japan and globally.
- The fund, with over $400 million initial endowment, includes major Japanese investors like Toyota and aims to drive sustainable hydrogen development.
- Managed by Advantage Partners, the fund was established by the Japan Hydrogen Association to promote the hydrogen value chain and facilitate the energy transition.
- TotalEnergies becomes the only non-Japanese investor at the fund's first close, highlighting its commitment to collective efforts for industrial-scale low-carbon hydrogen solutions.
TotalEnergies has announced its investment in the “Japan Hydrogen Fund” to advance the low-carbon hydrogen value chain. The fund, with over $400 million at its first close, includes key Japanese investors like Toyota and is aimed at driving sustainable hydrogen development. TotalEnergies, as the only non-Japanese investor at this stage, expressed its commitment to supporting the collective effort needed for low-carbon hydrogen solutions on an industrial scale. Managed by Advantage Partners, the fund was established by the Japan Hydrogen Association (JH2A) to promote the hydrogen value chain and facilitate the energy transition. Helle Kristoffersen, President of Asia at TotalEnergies, highlighted the alignment of this initiative with the company's ambition to be a global player in the energy transition and to benefit from the dynamism of the hydrogen ecosystem in Japan.