TotalEnergies has announced its investment in the “Japan Hydrogen Fund,” marking its entry as the only non-Japanese investor at the fund’s initial close. The fund, launched by the Japan Hydrogen Association (JH2A) and managed by Advantage Partners, aims to advance the low-carbon hydrogen value chain. It starts with over $400 million, contributed by leading Japanese companies including Toyota, Iwatani, Sumitomo Mitsui Banking, MUFG Bank, Tokyo Century, Japan Green Investment Corp. for Carbon Neutrality, and the Bank of Fukuoka.
Helle Kristoffersen, President of Asia at TotalEnergies, expressed enthusiasm about supporting the fund, emphasizing the importance of collective efforts for scaling low-carbon hydrogen solutions. “We believe that only through joint initiatives can we realize industrial-scale low-carbon hydrogen solutions. This commitment aligns with our goal to be a global leader in the energy transition and to benefit from Japan’s vibrant hydrogen ecosystem,” she stated.
This move follows TotalEnergies’ earlier involvement in the Hy24 clean hydrogen infrastructure fund, a collaboration with Air Liquide and VINCI. TotalEnergies, a global integrated energy company, focuses on producing and marketing various energy sources, including oil, biofuels, natural gas, green gases, renewables, and electricity, with over 100,000 employees dedicated to delivering reliable, affordable, and sustainable energy.
