Kyodo News: Japan to Invest $107B in Hydrogen Supply
The Japanese government will invest 15 trillion yen ($107 billion) over the next 15 years to speed up decarbonization and increase hydrogen supply to around 12 million tons by 2040.
The Japanese government will invest 15 trillion yen ($107 billion) over the next 15 years to speed up decarbonization and increase hydrogen supply to around 12 million tons by 2040.
The roadmap outlines the framework for accelerating production, delivery, storage, and use of clean hydrogen; supporting efforts to build a clean energy economy and reach long-term decarbonization goals.
Ireland and Germany signed a Joint Declaration of Intent to cooperate on green hydrogen, harnessing Ireland’s offshore energy potential and Germany’s hydrogen production capabilities.
The $10 million initiative aims to advance innovative clean hydrogen research, development, and demonstration projects, which support state goals to reduce emissions and foster a green economy.
Namibia entered into a USD $10 billion agreement with Hyphen Hydrogen Energy to develop sub-Saharan Africa’s largest green hydrogen project, projected to produce 2 million tonnes of green ammonia annually for regional and global markets.
The Department of Energy announced nearly $42 million in funding for 22 clean hydrogen projects in 14 states. DOE also earmarked $17.8 million for projects to improve the electric power grid.
The $2 billion investment in the Hydrogen Headstart program will help scale up Australia’s renewable hydrogen industry and situate the country as a global leader in green hydrogen.
European Council and Parliament agreed to work towards sustainable air transport through the ReFuelEU initiative, including the use of hydrogen fuel and other low-carbon fuel options.
The alliance aims to strengthen joint climate action, environmental protection efforts, and cooperation on the clean energy transition, including a focus on hydrogen and offshore renewable energy.
Chile’s President Gabriel Boric announced the nationalization of the country’s lithium industry, setting up a new public-private model for future lithium contracts, which may present challenges for EV manufacturers.