TotalEnergies has announced its entry into the “Japan Hydrogen Fund,” becoming the only non-Japanese investor in the fund’s first round of investments. The fund, backed by over $400 million from major Japanese companies, aims to accelerate the development of the low-carbon hydrogen value chain in Japan and globally.
Prominent Investors Join Forces
The fund’s initial contributors include key players in Japan’s industrial and financial sectors: Toyota Motor Corporation, Iwatani Corporation, Sumitomo Mitsui Banking Corporation, MUFG Bank, Tokyo Century Corporation, Japan Green Investment Corporation for Carbon Neutrality, and the Bank of Fukuoka. Together, they are positioning Japan at the forefront of the global hydrogen economy.
The Japan Hydrogen Fund will be managed by Advantage Partners, a leading private equity firm, under the leadership of the Japan Hydrogen Association (JH2A). With over 440 members, JH2A is Japan’s largest private hydrogen value chain promotion council and aims to promote hydrogen’s role in achieving sustainable development and carbon neutrality.
TotalEnergies’ Strategic Move
Helle Kristoffersen, President of Asia and member of the Executive Committee of TotalEnergies, highlighted the importance of collaboration in advancing hydrogen solutions. “We are convinced that only a collective effort will enable low-carbon hydrogen solutions to emerge on an industrial scale,” she said. This investment aligns with TotalEnergies’ broader ambition to be a global leader in the energy transition. By joining the Japan Hydrogen Fund, TotalEnergies taps into the strength of Japan’s hydrogen ecosystem, further advancing its role in clean energy innovations.
Building on Previous Hydrogen Investments
This move builds on TotalEnergies’ prior commitment to hydrogen infrastructure following its launch of the Hy24 fund in 2021 in partnership with Air Liquide and VINCI. The Hy24 fund focuses on large-scale clean hydrogen projects, making TotalEnergies a key player in the global shift toward sustainable energy.
As the hydrogen industry grows, the Japan Hydrogen Fund represents a critical opportunity for collaboration between major international energy companies and Japan’s robust industrial base, further advancing low-carbon solutions at scale.
