US Chevron Commits $300mn to Low CO2
Feb 25, 2021 3:50:pm
Summary
by: Dale Lunan
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US Chevron Commits $300mn to Low CO2
US major Chevron said February 25 its subsidiary, Chevron Technology Ventures (CTV), had launched its second Future Energy Fund, committing $300mn to technologies that have the potential to enable clean, affordable and reliable energy.
With its first Future Energy Fund in 2018, CTV invested in more than 10 companies, alongside more than 150 other investors, to support innovations in carbon capture, emerging mobility technologies and energy storage. Future Energy Fund II will focus on innovations in industrial decarbonisation, emerging mobility technologies, energy decentralisation and the growing circular carbon economy.