On Thursday, Chevron Corp. announced its USD300 million fund focusing on low-carbon technology.
The fund is a part of the company’s commitment to invest more in green energy and tackle climate change.
Previously in January, Chevron invested in Blue Planet Systems Corp. which commercializes technology for a substitution from carbon dioxide (CO2) in concrete and building materials to limestone.
In 2018, the company’s venture capital arm, Chevron Technology Ventures, launched the first Future Energy Fund. It has invested in more than 10 companies in the field focusing on carbon capture and energy storage.
