December 18, 2017 / 7:06 AM / 9 months ago

Tokyo Gas to invest $89 mln over 10 years in venture firms

TOKYO, Dec 18 (Reuters) - Japan's Tokyo Gas Co:

* Says it launched two wholly-owned subsidiaries in the United States to invest about 10 billion yen ($89 million) over 10 years in venture companies and energy-related venture capital funds and to conduct open collaboration with new technologies

* Says the two units, established in the state of California, are to bring long-term commitment in the company's efforts to create next-generation energy businesses in the coming years ($1 = 112.6400 yen) (Reporting by Osamu Tsukimori)

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