Chevron Technology Ventures

The launch of Chevron Technology Ventures in 1999 marked a major commitment to leverage external innovation to deliver the affordable, reliable and ever-cleaner energy the world needs. Now, as we begin our 26th year, CTV is launching its next venture capital fund – the $500 million Future Energy Fund III. As I shared Tuesday at the BloombergNEF Summit in New York, FEF III will bring together the scaling capabilities of Chevron with transformational innovations from leading early-stage companies driving the future of energy. Building on the successes of its two predecessors, first launched in 2018, this new fund is CTV’s largest to date and will focus on industrial decarbonization, mobility, energy decentralization and the growing circular economy. This series of funds complements CTV’s long-standing Core Energy venture funds, which target advancements in Chevron’s core energy businesses. It’s an exciting time for CTV, where we continue to advance early-stage innovation in support of a lower carbon future.

We're excited to announce the launch of Chevron Technology Ventures' $500 million Future Energy Fund III, the latest focused on technology-based solutions that have the potential to enable affordable, reliable and ever-cleaner energy for all. The fund builds on the success of CTV's first Future Energy Fund I, which launched in 2018, and Future Energy Fund II, which followed in 2021 for a total $400 million commitment. To date, CTV’s Future Energy Funds have invested in more than 30 companies with more than 250 other co-investors in support of lower carbon innovations. Future Energy Fund III will continue to focus on innovations in the areas of industrial decarbonization, emerging mobility, energy decentralization and the growing circular carbon economy. In addition, the new fund aims to expand investment in the areas of novel low carbon fuels, advanced materials and transforming carbon to higher-value products. Future Energy Fund III is the 10th venture fund launched since CTV was established in 1999. CTV also has a set of Core Funds which continue to invest in technologies focused on operational enhancements, digitalization and lower-carbon operations of energy businesses worldwide. #technology #energy #innovation #lowercarbon

Chevron Studio is a novel program launched in 2022 from a partnership between Chevron Technology Ventures and National Renewable Energy Laboratory. Pairing entrepreneurs with IP developed at national labs and universities, the program supports startups throughout three scale-up phases via seed funding, networking, and technical assistance. Chevron Studio is now on its third cohort, with entrepreneurs moving through a custom timeline for their respectively selected IP. Read more about the initiative and about the entrepreneur-investor team that graduated to the Field Trial phase, where they will implement and test the technology in a real-world environment. #technology #innovation #energy

What a week for innovation to shine! The Rice Business Plan Competition is an annual showcase highlighting top student-led startups from around the world. Held last week, April 4-6, on the Rice University campus here in Houston, the event is one that Chevron Technology Ventures looks forward to supporting each year. Congratulations to the winners, whose inspired solutions are leaving their mark. All 2024 competition results are here: https://lnkd.in/g3vpeaQ7 #RBPC2024 #innovation #entrepreneurship

Our human energy in motion! Thanks for supporting the #RBCP2024 with your insights and expertise, Sarath!

We're excited to support the Rice Business Plan Competition - a showcase of talent and innovation featuring student-led teams from around the world that kicks off today at Rice University. Good luck to the participants! #innovation #technology #enterpreneurship

We're excited to announce that Last Loop Metals, part of #technology incubator Chevron Studio's "Cohort 2," has been selected for the program's Scale-up Phase. Congratulations to entrepreneur Catherine (Berner) Ember and Chevron Studio technology partner Georgia Institute of Technology. Last Loop Metals is developing a non-toxic approach to extracting rare earth elements from industrial waste, like coal fly ash. Recovered materials can reduce the need for new metals used in some manufacturing, such as for wind energy and electric vehicles. Developed at Georgia Tech, the technology uses a closed-loop system and commonly available chemicals. It is designed to extract the metals without harming people or ecosystems. Last Loop Metals was selected based on the company's engagement with the technology partner, background in climate tech commercialization, and the company's vision to bring circular economy practices to the mining industry. In this phase of the program, Last Loop Metals will increase the production capacity of the technology through partnership with Georgia Tech. Chevron Studio, launched from a partnership between Chevron Technology Ventures and National Renewable Energy Laboratory, pairs entrepreneurs with IP from national labs and universities. The program is designed to bridge the gap between exciting new technologies and the market. Follow this space for additional announcements. #innovation #chevron #circulareconomy

The launch of Chevron Technology Ventures 25 years ago marked a major commitment by Chevron to innovation across the industry. As a pioneer, CTV is developing and deploying problem solvers to tackle today’s biggest energy system challenges while anticipating those on the horizon. What better way to celebrate those 25 years - and look ahead to the next 25 - than by gathering ecosystem partners and friends at CERAWeek 2024 in Houston this week. Thanks to Chevron CEO Mike Wirth and Chevron Technical Center VP Balaji Krishnamurthy for taking time to join us. Cheers to 25 years! #technology #innovation #energy #CERAWeek #CWAgora

We, the Chevron Studio Cohort One, extend our gratitude to Gautam Phanse, Steven Yackel, Gopal Kothari, Veronica Flores-Paniagua, Chevron Technology Ventures and National Renewable Energy Laboratory for giving us an excellent booth and speaking opportunities at #CERAWeek. Thank you. Founders of Ammobia and Aquanta Vision, Karen Baert and Babur Ozden.

CERAWeek is a wrap for 2024! From Jennifer Granholm to Bill Gates, this was an “energetic” week for the record books as Hydrogen takes center-stage as a vital element of a lower carbon future. A huge thanks to Daniel Yergin and his team for another outstanding program in thought leadership and impact. Many thanks to the AWESOME Chevron New Energies and Chevron Technology Ventures teams for making Chevron House the place to be! Let’s continue to deliver the affordable, reliable, and ever-cleaner energy the growing world needs! Breakthrough Energy S&P Global U.S. Department of Energy (DOE) Karen Knutson #energy #hydrogen #chevronnewenergies