Houston, TX-based Chevron Technology Ventures, the venture capital arm of oil major Chevron, has launched a new fund.
With an initial commitment of $100 million, Future Energy Fund will invest in breakthrough technologies that enable the ongoing energy transition to a greater diversity of sources.
Investments from the fund are expected to focus on technologies across the energy landscape that reflect the company’s commitment to both lower emission energy sources and lower emissions from oil and gas.
CTV pursues innovative business solutions and externally developed technologies that have the potential to improve Chevron’s base business operations and champions their deployment and adoption into the company.
Since its inception in June 1999 as the first such fund at an oil major, CTV has supported a wide range of companies and venture capital funds.