Japanese liquefied natural gas buyer and utility company JERA has committed to investing $300 million in green technology-focused startups through a newly established in-house unit. The move aligns with Japan's goal of achieving carbon neutrality by 2050. JERA, also known as one of Japan's biggest utility companies, will prioritize startups working on decarbonization technologies, including hydrogen, ammonia, and other renewables, as well as digital innovations and women's health-related advancements. The company's investment arm, JERA Ventures, will also consider venture capital funds associated with these eco-friendly startups.
Recently, JERA entered into a strategic collaboration agreement with ADNOC of the UAE to cooperate on clean hydrogen and ammonia projects. Moreover, JERA has signed a memorandum of understanding with Saudi Arabia's Public Investment Fund, which leads the decarbonization drive in the world's top oil-producing nation, to explore the development of green hydrogen projects and derivatives.