TotalEnergies invests in Japan hydrogen fund

In France TotalEnergies announced its investment in the Japan Hydrogen Fund, joining forces with major Japanese corporations, including Toyota and Iwatani, in a $400 million initiative aimed at developing low-carbon hydrogen technologies to drive global decarbonization efforts.

As the only non-Japanese investor in the fund, TotalEnergies is positioning itself to leverage Japan’s industrial strength in hydrogen technology to advance its own energy transition strategy. Managed by Advantage Partners and launched by the 440 member Japan Hydrogen Association, the fund seeks to expand Japan’s hydrogen value chain while promoting sustainable energy solutions worldwide.

Helle Kristoffersen, President of Asia and Executive Committee member of TotalEnergies said, “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.”

This investment builds on TotalEnergies’ 2021 launch of the Hy24 clean hydrogen infrastructure fund, created in partnership with Air Liquide and VINCI.