new funding boosts support for innovative energy solutions

Through the Future Energy Funds, Chevron has committed approximately $900 million supporting early-stage, or emerging, lower carbon technologies.

So far, CTV has invested in more than 30 early-stage companies with more than 250 co-investors. This includes companies advancing carbon capture, utilization, and storage (CCUS), direct air capture and vehicle-charging networks.

"We are extremely fortunate to be in position to collaborate with brilliant individuals, inside as well as outside of Chevron, who are curious by nature, thrive with constructive challenge and are driven in relentless pursuit to help address many of the biggest most complex challenges we face in energy."

The latest Future Energy Fund is the 10th venture fund launched since CTV was established in 1999.