Chevron’s Venture Capital Arm Launches $100 Million Fund

Chevron Technology Ventures (CTV) said June 20 it launched a future energy fund with an $100 million initial commitment for investments in breakthrough energy technologies.

Investments from the new fund are expected to focus on disruptive technologies across the energy landscape that reflect the company’s commitment to both lower emission energy sources and lower emissions from oil and gas, according to the CTV press release.

CTV, the Houston-based venture capital arm of Chevron Corp. (NYSE: CVX), said it aims for the investments to “enable the ongoing energy transition to a greater diversity of sources.”