The fund aims to accelerate the use of hydrogen and scale its supply chain.

MUFG Bank has signed an agreement to invest in the Japan Hydrogen Fund as a major LP investor.

The Japan Hydrogen Fun focuses on investments in hydrogen and aims to accelerate the use of hydrogen in society and scaling of its supply chain.

The Japan Hydrogen Association (JH2A) created the fund in collaboration with Advantage Partners, who serves as its fund manager. The fund also collaborates with the Ministry of Economy, Trade and Industry.

MUFG has been a member of JH2A as one of its executive companies since its establishment in 2020.

MUFG said that it utilizes its investment and financing capabilities to promote activities for the use of hydrogen in society from a financial perspective through JH2A’s Financial Services Committee, which took a leading role in the establishment of the fund.

Hydrogen is expected to play an important role in the energy transition in Japan and globally, and MUFG said that it is strongly committed to contributing to the development of the sector, including its promotion.