TotalEnergies announced its entry as an investor in the Japan H₂ Fund at its first close, joining several major Japanese companies in this fund dedicated to developing the low-carbon H₂ value chain.

At its launch, the fund is initially endowed with over $400 MM, thanks to contributions from prominent Japanese investors: 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 will be managed by Advantage Partners, one of Japan’s leading private equity firms, and is launched by the Japan H₂ Association (JH2A), the largest private H₂ value chain promotion council in Japan, representing over 440 members and aiming to promote sustainable development with H₂.

“TotalEnergies is pleased to support an ambitious fund dedicated to developing the H₂ 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 H₂ 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 H₂ ecosystem in the Japanese industry.”