The Future Energy Fund III will focus on innovations in industrial decarbonisation, emerging mobility, energy decentralisation and the growing circular-carbon economy. — Reuters
New York: Chevron’s venture capital arm launched on its third fund to invest in renewable energy technologies with a US$500mil commitment, as oil majors look to diversify their business in the face of pressure to reduce their emissions.
Like the previous two funds, the Future Energy Fund III will focus on innovations in industrial decarbonisation, emerging mobility, energy decentralisation and the growing circular-carbon economy, Chevron Technology Ventures said.
