Decarbonization: TotalEnergies Joins the First Japanese Fund Dedicated to the Development of Low-carbon Hydrogen

TotalEnergies (Paris) (LSE) (NYSE) announces its entry as an investor in the “Japan Hydrogen Fund” at its first close, joining several major Japanese companies in this fund dedicated to developing the low-carbon hydrogen value chain. This fund launch marks a critical step in advancing the low-carbon hydrogen industry, with an initial endowment of over $400 million from key Japanese investors. These include 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.

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The fund will be managed by Advantage Partners, one of Japan’s leading private equity firms, and is launched by the Japan Hydrogen Association (JH2A), the largest private hydrogen value chain promotion council in Japan. With over 440 members, JH2A aims to promote sustainable development using hydrogen across various industries.

“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,” 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.”

This commitment follows TotalEnergies’ launch of the Hy24 clean hydrogen infrastructure fund in 2021, in collaboration with Air Liquide and VINCI. The initiative is a reflection of TotalEnergies' broader mission to lead in the energy transition and foster the development of sustainable energy solutions worldwide.

About TotalEnergies

TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables, and electricity. Our more than 100,000 employees are committed to providing as many people as possible with energy that is more reliable, more affordable, and more sustainable. Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects, and its operations.

For more information, visit TotalEnergies.