The Japanese Government plans to invest ¥15 trillion ($107.67bn) in hydrogen over the next 15 years under a revision of its Basic Hydrogen Strategy, according to Japanese media.
Approved at a ministerial meeting today (June 6), the revision increases the country’s ambitions to boost hydrogen supply from the current level of two million tonnes to 12 million tonnes by 2040, the Japan Times reports.
Under the revised plan, nine strategic areas including electrolysis development, fuel storage batteries and large-scale tankers for the transportation of hydrogen, will come under focus as Japan aims to build up its hydrogen supply chains in a bid to meet its Net Zero by 2050 goals.
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