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

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TotalEnergies has joined the Japan Hydrogen Fund as the sole non-Japanese investor at its first close. The fund, initially endowed with over $400 million, aims to develop the low-carbon hydrogen value chain. Major Japanese companies, including Toyota Motor and Iwatani , are among the investors. Managed by Advantage Partners, the fund is launched by the Japan Hydrogen Association (JH2A), representing over 440 members.

This initiative aligns with TotalEnergies' ambition to be a global player in the energy transition and follows its launch of the Hy24 clean hydrogen infrastructure fund in 2021. The company sees this as an opportunity to leverage the dynamism of the hydrogen ecosystem in Japanese industry and contribute to the collective effort in developing industrial-scale low-carbon hydrogen solutions.

TotalEnergies ha aderito al Japan Hydrogen Fund come unico investitore non giapponese nella sua prima chiusura. Il fondo, inizialmente dotato di oltre 400 milioni di dollari, mira a sviluppare la filiera del valore dell'idrogeno a basse emissioni di carbonio. Tra gli investitori ci sono importanti aziende giapponesi, tra cui Toyota Motor e Iwatani. Gestito da Advantage Partners, il fondo è lanciato dalla Japan Hydrogen Association (JH2A), che rappresenta oltre 440 membri.

Questa iniziativa è in linea con l'ambizione di TotalEnergies di diventare un attore globale nella transizione energetica e segue il lancio del fondo per le infrastrutture dell'idrogeno pulito Hy24 nel 2021. L'azienda vede in questo un'opportunità per sfruttare il dinamismo dell'ecosistema dell'idrogeno nell'industria giapponese e contribuire allo sforzo collettivo nello sviluppo di soluzioni di idrogeno a basse emissioni di carbonio su scala industriale.

TotalEnergies se ha unido al Japan Hydrogen Fund como único inversor no japonés en su primera etapa de cierre. El fondo, inicialmente dotado con más de 400 millones de dólares, tiene como objetivo desarrollar la cadena de valor del hidrógeno bajo en carbono. Entre los inversores se encuentran grandes empresas japonesas, incluyendo Toyota Motor e Iwatani. Gestionado por Advantage Partners, el fondo es lanzado por la Japan Hydrogen Association (JH2A), que representa a más de 440 miembros.

Esta iniciativa se alinea con la ambición de TotalEnergies de convertirse en un jugador global en la transición energética y sigue el lanzamiento de su fondo de infraestructuras de hidrógeno limpio, Hy24, en 2021. La empresa ve esto como una oportunidad para aprovechar el dinamismo del ecosistema del hidrógeno en la industria japonesa y contribuir al esfuerzo colectivo en el desarrollo de soluciones de hidrógeno bajo en carbono a escala industrial.

TotalEnergies가 Japan Hydrogen Fund에 참여하여 첫 폐쇄에서 유일한 비일본 투자자로 자리 잡았습니다. 이 기금은 처음에 4억 달러 이상의 자본으로 시작되었으며, 저탄소 수소 가치 사슬을 개발하는 것을 목표로 하고 있습니다. Toyota Motor와 Iwatani를 포함한 주요 일본 기업들이 투자자 중에 있습니다. Advantage Partners에 의해 관리되며, 이 기금은 440명 이상의 회원을 대표하는 Japan Hydrogen Association (JH2A)에 의해 시작되었습니다.

이 이니셔티브는 TotalEnergies가 에너지 전환에서 세계적인 주체가 되고자 하는 포부와 일치하며, 2021년에 출시된 Hy24 청정 수소 인프라 기금의 출범을 따릅니다. 이 회사는 일본 산업의 수소 생태계의 역동성을 활용하고 저탄소 수소 솔루션을 산업 규모로 발전시키기 위한 집단적 노력에 기여할 수 있는 기회로 보고 있습니다.

TotalEnergies a rejoint le Japan Hydrogen Fund en tant que seul investisseur non japonais lors de sa première clôture. Le fonds, initialement doté de plus de 400 millions de dollars, vise à développer la chaîne de valeur de l’hydrogène bas carbone. Parmi les investisseurs figurent de grandes entreprises japonaises, telles que Toyota Motor et Iwatani. Géré par Advantage Partners, le fonds est lancé par la Japan Hydrogen Association (JH2A), qui représente plus de 440 membres.

Cette initiative s’inscrit dans l’ambition de TotalEnergies de devenir un acteur mondial de la transition énergétique et fait suite au lancement de son fonds d'infrastructure d'hydrogène propre Hy24 en 2021. L’entreprise considère cela comme une occasion de profiter du dynamisme de l’écosystème de l’hydrogène dans l’industrie japonaise et de contribuer à l’effort collectif pour développer des solutions d'hydrogène bas carbone à l'échelle industrielle.

TotalEnergies ist dem Japan Hydrogen Fund als einziger nicht-japanischer Investor bei dessen erster Schließung beigetreten. Der Fonds, der zunächst mit über 400 Millionen US-Dollar ausgestattet ist, zielt darauf ab, die Wertschöpfungskette für kohlenstoffarmen Wasserstoff zu entwickeln. Zu den Investoren gehören bedeutende japanische Unternehmen wie Toyota Motor und Iwatani. Der Fonds wird von Advantage Partners verwaltet und von der Japan Hydrogen Association (JH2A) ins Leben gerufen, die mehr als 440 Mitglieder vertritt.

Diese Initiative steht im Einklang mit dem Ziel von TotalEnergies, ein globaler Akteur im Ener Transit zu sein und folgt der Einführung des Hy24-Fonds für saubere Wasserstoff-Infrastruktur im Jahr 2021. Das Unternehmen sieht hierin eine Gelegenheit, die Dynamik des Wasserstoff-Ökosystems in der japanischen Industrie zu nutzen und zum kollektiven Ansatz zur Entwicklung industrieller Lösungen für kohlenstoffarmen Wasserstoff beizutragen.

Positive
  • TotalEnergies joins a major $400 million fund focused on low-carbon hydrogen development
  • Partnership with prominent Japanese companies in a strategic market
  • Alignment with the company's global energy transition strategy
  • Potential to leverage the dynamic Japanese hydrogen ecosystem
Negative
  • None.

TotalEnergies' investment in the Japan Hydrogen Fund marks a strategic move into the burgeoning low-carbon hydrogen market. With an initial fund size of $400 million, this represents a significant commitment to the sector. The participation of major Japanese corporations like Toyota and Iwatani suggests strong industry backing and potential for rapid growth.

From an investor's perspective, this diversification into hydrogen aligns with the global energy transition trend. However, the financial impact on TotalEnergies' bottom line may be in the short term, as hydrogen technologies are still in early stages of commercialization. Long-term potential could be substantial if hydrogen becomes a key player in decarbonization efforts.

The move also strengthens TotalEnergies' position in the Asian market, potentially opening doors for future partnerships and projects. Investors should monitor the fund's progress and any subsequent deals or technological breakthroughs that may arise from this collaboration.

TotalEnergies' entry into the Japan Hydrogen Fund is a strategic positioning in the rapidly evolving hydrogen economy. Japan is at the forefront of hydrogen adoption, with ambitious goals to become a "hydrogen society." This move allows TotalEnergies to tap into Japan's technological expertise and supportive policy environment.

The fund's focus on developing the entire hydrogen value chain is crucial. It addresses challenges in production, storage, transportation and end-use applications. This holistic approach increases the likelihood of breakthrough innovations that could accelerate hydrogen's commercial viability.

For investors, this signals TotalEnergies' commitment to diversifying beyond traditional fossil fuels. It's a proactive step towards future-proofing the company's business model in a carbon-constrained world. However, the hydrogen market's growth trajectory remains uncertain and investors should be prepared for a potentially long-term payoff horizon.

TotalEnergies' investment in the Japan Hydrogen Fund is a calculated move to capitalize on the growing hydrogen market. The global hydrogen market is projected to reach $184.1 billion by 2030, with a CAGR of 9.2% from 2021 to 2030. Japan, in particular, is positioning itself as a hydrogen leader, with government backing and strong industrial support.

The fund's diverse investor base, including automotive, banking and energy sectors, creates a powerful ecosystem for innovation and market development. This cross-industry collaboration could accelerate hydrogen adoption across various sectors.

For TotalEnergies, being the sole non-Japanese investor at this stage could provide a competitive advantage and unique insights into the Asian hydrogen market. Investors should view this as a long-term strategic investment, with potential for significant returns if hydrogen technology scales successfully. However, they should also be aware of the risks associated with emerging technologies and changing regulatory landscapes in the energy sector.

PARIS--(BUSINESS WIRE)-- Regulatory News:

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) 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.

At its launch, the fund is initially endowed with over $400 million, 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 Hydrogen Association (JH2A), the largest private hydrogen value chain promotion council in Japan, representing over 440 members and aiming to promote sustainable development with hydrogen.

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.”

This commitment follows TotalEnergies’ launch of the Hy24 clean hydrogen infrastructure fund in 2021 along with Air Liquide and VINCI.

***

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 provide 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.

@TotalEnergies TotalEnergies TotalEnergies TotalEnergies

Cautionary Note
The terms “TotalEnergies”, “TotalEnergies company” or “Company” in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words “we”, “us” and “our” may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies’ financial results or activities is provided in the most recent Universal Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC).

TotalEnergies Contacts

Media Relations: +33 (0)1 47 44 46 99 l presse@totalenergies.com l @TotalEnergiesPR

Investor Relations: +33 (0)1 47 44 46 46 l ir@totalenergies.com

Source: TotalEnergies SE

FAQ

What is the size of the Japan Hydrogen Fund that TotalEnergies joined?

The Japan Hydrogen Fund is initially endowed with over $400 million at its first close.

Who are the other investors in the Japan Hydrogen Fund besides TotalEnergies (TTE)?

Other investors include Toyota Motor , Iwatani , Sumitomo Mitsui Banking , MUFG Bank, Tokyo Century , Japan Green Investment Corp. for Carbon Neutrality, and the Bank of Fukuoka.

What is the purpose of the Japan Hydrogen Fund that TotalEnergies (TTE) has joined?

The fund is dedicated to developing the low-carbon hydrogen value chain in Japan and globally.

Who manages the Japan Hydrogen Fund that TotalEnergies (TTE) invested in?

The fund will be managed by Advantage Partners, one of Japan's leading private equity firms.

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