We're excited to announce the launch of Chevron Technology Ventures' $500 million Future Energy Fund III, the latest focused on technology-based solutions that have the potential to enable affordable, reliable and ever-cleaner energy for all.
The fund builds on the success of CTV's first Future Energy Fund I, which launched in 2018, and Future Energy Fund II, which followed in 2021 for a total $400 million commitment.
To date, CTV’s Future Energy Funds have invested in more than 30 companies with more than 250 other co-investors in support of lower carbon innovations.
Future Energy Fund III will continue to focus on innovations in the areas of industrial decarbonization, emerging mobility, energy decentralization and the growing circular carbon economy. In addition, the new fund aims to expand investment in the areas of novel low carbon fuels, advanced materials and transforming carbon to higher-value products.
Future Energy Fund III is the 10th venture fund launched since CTV was established in 1999. CTV also has a set of Core Funds which continue to invest in technologies focused on operational enhancements, digitalization and lower-carbon operations of energy businesses worldwide.
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