Corporate venturing unit Chevron Technology Ventures has formed a $100m vehicle known as Future Energy Fund to back lower-emission technologies.
Chevron Technology Ventures (CTV), the strategic investment arm of oil and gas producer Chevron, launched a $100m fund called Future Energy Fund on Wednesday in order to back energy transition technology.
CTV was founded in 1999 and targets developers of technologies such as emerging materials, power systems, water management, IT and oil and gas production improvement. It also provides capital to strategically relevant venture capital funds.
Future Energy Fund will concentrate on energy generation technologies that generate lower carbon emissions,…
