In the next ten years, the Japanese trade ministry (Meti) proposes investing up to $3.4 billion to help hydrogen technology growth.

The money will come from a $2 trillion government fund set up to support green innovation initiatives in the country’s attempts to decarbonize by 2050.

The fund is divided into 18 projects focusing on carbon-neutral electricity, energy transformation, and industrial system reform.

At a panel discussing the use of the green innovation fund in the energy transition sector, Meti suggested allocating $300 billion for the construction of large-scale hydrogen import and supply chains, with the goal of lowering long-term supply costs.

The fund is intended to support the advancement of hydrogen transportation technology, as well as hydrogen liquefaction and hydrogenation technologies, as well as a demonstration project.

Japan’s potential demand for hydrogen is expected to reach 20 million tonnes per year in 2050, up from 3 million tonnes per year in 2030.

Of the $300 million set aside for hydrogen technology advancement, $26 million will be used to fund a verification and demonstration project for a hydrogen-fired or co-fired gas turbine power generation technology.

Meti also suggested allocating $70 billion to the creation of a large-scale hydrogen production electrolyser, as Japan seeks to catch up to the EU. The FH2R consortium is running Japan’s largest 10MW electrolyser to produce hydrogen, which is powered by a 20MW solar plant in Fukushima.

The state-controlled research and development institute Nedo is in charge of the $2 trillion green innovation fund.

Arnes Biogradlija
Creative Content Director at EnergyNews.Biz

SPAR Switzerland adds first green hydrogen truck to its fleet

Previous article

BP, Iberdrola, and Enagás join forces in hydrogen quest

Next article

You may also like

More in Featured


Comments are closed.