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Getting climate, energy & environment news right.

Chevron launches $500 million tech fund

Ben Geman writes in Axios that Chevron has launched a $500 million tech fund.

The C3 Take
  • The fund, which is called the Future Energy Fund III, will invest in novel low carbon fuels and advance materials to transform carbon into higher value products.
  • The company will begin dispersing $1 million to $5 million for Series A through C rounds.
  • The private sector is well equipped to advance low-carbon technologies.

“The aim is to bolster Chevron’s main oil and gas businesses; help its multi-billion dollar diversification in areas like carbon capture and hydrogen; and create future opportunities in emerging tech.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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