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

TotalEnergies SEAnnouncement

12/09/2024 18:00

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

 

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
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftotalenergies.com%2Fmedia%2Fnews%2Fpress-releases%2Flaunch-of-the-worlds-largest-clean-hydrogen-infrastructure-fund&esheet=54121367&newsitemid=20240912217733&lan=en-US&anchor=Hy24&index=1&md5=ec2b87d6d80877a0b9701f9f9d04325b)
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.

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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

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