TotalEnergies Joins $400M Japan Hydrogen Fund to Boost Low-Carbon Hydrogen Development

TotalEnergies has announced its investment in the “Japan Hydrogen Fund” at its first close, joining several major Japanese companies in this initiative focused on advancing the low-carbon hydrogen value chain.

The fund launched with an initial endowment of over $400 million, contributed by key Japanese investors, 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. “TotalEnergies is pleased to support an ambitious fund dedicated to developing the hydrogen value chain in Japan and globally, as the only non-Japanese investor at this stage. We are convinced that only a collective effort will enable low-carbon hydrogen solutions to emerge on an industrial scale.” said Helle Kristoffersen, President of Asia and member of the Executive Committee of TotalEnergies. “This initiative aligns with our ambition to be a global player in the energy transition and will also allow us to leverage the dynamism of the hydrogen ecosystem in the Japanese industry.”

Managed by Advantage Partners, one of Japan’s top private equity firms, the fund was established by the Japan Hydrogen Association (JH2A), the largest private hydrogen value chain promotion council in Japan, with over 440 members, aiming to drive sustainable hydrogen development.