Chevron Technology Ventures said it has launched a new $300 million fund that will focus on technologies that have the potential to enable affordable, reliable, and ever-cleaner energy. The Future Energy Fund II is the eighth venture fund launched by the firm.
With the first Future Energy Fund launched in 2018, CTV invested in more than 10 companies with more than 150 other investors to support innovations in carbon capture, emerging mobility, and energy storage. Building upon the success of the first Future Energy Fund, Future Energy Fund II will focus on innovation in industrial decarbonization, emerging mobility, energy decentralization, and the growing circular carbon economy.
Chevron commits $300M toward low-carbon technology investments
Chevron Technology Ventures, LLC (CTV) launched the $300-million Future Energy Fund II focused on technologies that have the potential to enable affordable, reliable, and ever-cleaner energy.
With the first Future Energy Fund launched in 2018, CTV invested in more than 10 companies with more than 150 other investors to support innovations in carbon capture, emerging mobility and energy storage. Building upon the success of the first Future Energy Fund, Future Energy Fund II will focus on innovation in industrial decarbonization, emerging mobility, energy decentralization and the growing circular carbon economy.
Future Energy Fund II is the eighth venture fund launched since CTV was established in 1999. CTV also has a Core Energy Fund which invests in technologies with the potential to have a significant impact on Chevron’s core business through operational enhancements, digitalization and low-carbon operations. Chevr
Chevron’s Technology Ventures Unit Invests $300M for Second Climate-Focused Fund
Chevron Technology Ventures LLC (CTV) announced the launch of a $300 million fund to go toward technologies that may prove to be affordable, reliable and reduce emissions.
The Future Energy Fund II by the Chevron Corp. unit would build upon the success of the first Future Energy Fund, which was launched in 2018. The funds are focused on innovating in industrial decarbonization, emerging mobility, energy decentralization and the growing circular carbon economy.
“We continue to take meaningful actions to address the challenges and opportunities of the global energy transition,” said CTV President Barbara Burger. “I’m proud that our second Future Energy Fund has the potential to make energy and global supply chains more sustainable by helping industries and our customers build a lower-carbon future.”
US Chevron Commits $300mn to Low CO2
Feb 25, 2021 3:50:pm
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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.