BlackRock is developing a new perpetual infrastructure fund which will see it invest in leading infrastructure businesses to help support the energy transition.
The US multinational investment-management corporation currently manages around £7.3trillion in assets.
Energy Voice says that the company will look to commit capital in the fields of energy transition and energy security, as well as digital and community infrastructure, sustainable mobility, and the circular economy.
Over half of available capital will be allocated to Europe initially, but will become "increasingly global" in the following decades.
Potential targets identified by the group include integrated businesses such as utilities and renewable-energy firms, as well as assets such as data centres, grid technologies, battery storage and natural gas storage and transport facilities, which may also be adaptable to incorporate hydrogen.
BlackRock intends to launch underlying open-ended investment vehicles and will be seeking founding partners in the second half of 2022.
Meanwhile, Chevron plans to spend about £2billion building up its hydrogen business this decade as the oil major accelerates investment in low-carbon technologies.
The group will develop both green and blue hydrogen, said Austin Knight, vice president of hydrogen at the company's New Energies unit.
The former is made with renewable energy, while the latter is created from natural gas equipped with technology to capture emissions.
Energy Voice says the news follows hot on the heels of TotalEnergies and BP announcing huge investment plans for green hydrogen, which provided a vote of confidence for the nascent sector.
Chevron revealed last autumn that it was allocating £8billion toward developing renewable fuels, hydrogen and carbon capture through 2028, but it didn't specify then how that money would be split among various technologies.
"What you see right now is a shift to broader energy solutions with hydrogen and moving more into clean hydrogen," Mr Knight said at a conference in London. "We want to be a part of that ramp-up."
Hydrogen is poised to be a key part of global efforts to reduce greenhouse-gas emissions. The clean-burning fuel can replace natural gas or coal in heavy industrial processes that otherwise are difficult to decarbonise.
There was little change in Brent crude futures this morning at just under $120 a barrel.
FTSE 100
The UK's top share index, the FTSE 100, was up 13 points at 7,058 shortly after opening this morning, but it has a lot of ground to make up following yesterday's 228-point plunge on worldwide interest-rates concerns.
Companies reporting today