Japan's JERA Invests $300 Million in Green Technology

Japan's largest liquefied natural gas buyer, JERA, announced today that it will invest $300 million in startups focused on green technology through a newly established internal unit, as part of the country's efforts to achieve carbon neutrality by 2050. JERA indicated in a statement that it will target startups developing decarbonization technologies, utilizing hydrogen and ammonia among other renewable energy sources, as well as digital technologies and those focused on women's health. This announcement follows JERA's disclosure of a strategic cooperation agreement with the Abu Dhabi National Oil Company (ADNOC) to collaborate on clean hydrogen and ammonia following Japanese Prime Minister Fumio Kishida's recent visit to the Middle East.