Chevron Technology Ventures

Chevron Technology Ventures (CTV) is the venture capital arm of Chevron Corporation, established in 1999 to identify and integrate externally developed technologies and new business solutions that can enhance the production and delivery of affordable, reliable, and cleaner energy. CTV focuses on investing in startups that offer innovative solutions across various sectors, including energy, technology, and renewable energy.

CTV's investment strategy is centered around several key areas: Core Energy Fund, Future Energy Funds, and partnerships with incubators and accelerators. The Core Energy Fund invests in technologies that can improve Chevron's core operations through operational enhancements, digitalization, and low-carbon initiatives. The Future Energy Funds, launched in 2018, 2021, and 2024, focus on innovations in industrial decarbonization, emerging mobility, energy decentralization, and the circular carbon economy. These funds aim to support the development of novel low-carbon fuels, advanced materials, and technologies that transform carbon into higher-value products.

Over the years, CTV has invested in more than 100 companies and collaborated with over 300 co-investors. Their portfolio includes companies like OQC, a leader in quantum computing-as-a-service, and Svante, a carbon capture and removal technology company. CTV also engages with various incubators and accelerators, such as Activate, Capital Factory, Greentown Labs, and MassChallenge, to foster innovation and support the growth of early-stage companies. Through these initiatives, CTV continues to drive technological advancements and sustainable practices within the energy sector.