TotalEnergies Enters Partnership with Japanese Fund for Advancing Low-Carbon Hydrogen

TotalEnergies has announced its participation as an investor in the newly launched “Japan Hydrogen Fund,” marking its involvement at the fund's initial close. This initiative brings together several major Japanese corporations with a shared goal of advancing the low-carbon hydrogen value chain. At its inception, the fund has secured over $400 million in capital, thanks to investments from leading Japanese entities including Toyota Motor Corporation, Iwatani Corporation, Sumitomo Mitsui Banking Corporation, MUFG Bank, Tokyo Century Corporation, Japan Green Investment Corp. for Carbon Neutrality, and the Bank of Fukuoka.

The fund is managed by Advantage Partners, a prominent private equity firm in Japan, and is spearheaded by the Japan Hydrogen Association (JH2A). The JH2A, which is Japan’s largest private hydrogen promotion council, boasts over 440 members and is dedicated to fostering sustainable development through hydrogen technologies.

Helle Kristoffersen, President of Asia and a member of TotalEnergies' Executive Committee, expressed enthusiasm about the company’s involvement. “TotalEnergies is excited to support this ambitious fund focused on developing the hydrogen value chain both in Japan and on a global scale. As the sole non-Japanese investor at this stage, we believe that collaborative efforts are crucial for bringing low-carbon hydrogen solutions to industrial scale,” she stated. Kristoffersen emphasized that this partnership aligns with TotalEnergies' objective of being a leading global player in the energy transition and allows the company to capitalize on the vibrant hydrogen ecosystem within the Japanese market.

This new commitment complements TotalEnergies’ previous efforts in the hydrogen sector, notably the launch of the Hy24 clean hydrogen infrastructure fund in 2021, which was established in collaboration with Air Liquide and VINCI. This continued investment in hydrogen technology reflects TotalEnergies' dedication to advancing clean energy solutions and supporting the global shift towards more sustainable energy practices.

TotalEnergies is a prominent global energy firm engaged in the production and marketing of a diverse range of energy sources, including oil, biofuels, natural gas, green gases, renewable energy, and electricity. Employing over 100,000 people across the globe, TotalEnergies is committed to providing energy that is dependable, cost-effective, and environmentally sustainable. With operations spanning around 120 countries, the company places a strong emphasis on sustainability, embedding it into its strategic approach, project execution, and day-to-day operations. This focus on sustainability underscores TotalEnergies' dedication to fostering a more sustainable energy future and driving progress in the energy sector. TotalEnergies produces and markets a variety of energy sources, including oil, biofuels, natural gas, green gases, renewables, and electricity.