The Japan Bank for International Cooperation, a government-affiliated financial institution, has decided to invest in the world's largest fund that aims to popularize hydrogen as a next-generation energy alternative to fossil fuels such as petroleum.

The aim is to support the overseas expansion of Japanese companies in the field of hydrogen toward the realization of a carbon-free society.

According to the people concerned, Japan Bank for International Cooperation will invest 100 million euros, or about 13 billion yen in Japanese yen, in a French investment fund aiming to popularize hydrogen.

French energy giant Total Energy, as well as major Western energy companies, construction companies, financial institutions, etc. are participating in this fund, and the total amount of funds is 1.5 billion euros, about 190 billion yen in Japanese yen. It is the largest hydrogen-related fund in the world.

Since hydrogen does not emit carbon dioxide even when burned, it is expected to be the next-generation energy to replace fossil fuels such as petroleum. Our policy is to invest in the spread of engine vehicles and the business of developing infrastructure such as hydrogen stations.

Japan Bank for International Cooperation wants to support overseas expansion and technological development by including Japanese companies in hydrogen-related businesses that are expected to advance in various parts of the world in the wake of investment in the fund.