Chevron Technology Ventures

Chevron Technology Ventures, known as CTV, is the venture and technology arm of Chevron. It looks for technologies and business ideas developed outside the company and works to bring them into Chevron's energy production and delivery.

Products and services

• Core Venture Fund: invests in technologies that improve Chevron's core business through operational gains, digitalisation and lower-carbon operations. The first fund launched in 1999 and the firm is now on its seventh.
• Future Energy Fund: first launched in 2018, with a second fund from early 2021 covering industrial decarbonisation, emerging mobility, energy decentralisation and the circular carbon economy.
• Catalyst programme: a route for selected start-ups, several of which have joined it.
• Ecosystem links: engagement with start-ups, investors, incubators and accelerators.

Clients

Energy technology start-ups, including companies working on carbon capture, geothermal power, energy storage and industrial software.

Key facts

• Launched: 1999
• Parent company: Chevron
• Core fund investments: More than 100 companies
• Future Energy Fund investments: More than 20 companies