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$500 million investment in emerging lower carbon technologies

1 min read | april 30, 2024

Chevron’s Jim Gable recently discussed the company’s Future Energy Fund III at the BloombergNEF Summit.

Jim Gable, president of Chevron Technology Ventures (CTV), recently spoke at a BloombergNEF event in New York. He talked about Chevron’s continued support for innovative energy technologies and businesses.

Three key takeaways:

  • CTV has launched its $500 million Future Energy Fund III. This is CTV’s largest fund to date focused on lower carbon technologies.
  • This new fund will focus on Series A, B and C companies that are developing innovative energy solutions.
  • Chevron plans to spend $8 billion between 2021 and 2028 to develop lower carbon businesses. (This is in addition to a $2 billion investment in carbon reduction projects.)

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