Akihabara News (Tokyo) — Tokyo Electric Power Company (TEPCO) and six other utility firms have been granted a state subsidy by New Energy and Industrial Technology Development (NEDO) for the production of hydrogen utilizing electricity from TEPCO’s 10 megawatt Komekurayama Solar Power Plant in Yamanashi Prefecture.
The business scale is about ¥14 billion (US$127 million).
The project will construct large-sized equipment in an effort to reduce the costs for domestic green hydrogen production.
TEPCO will operate hydrogen production equipment, and partners Toray Industries, Hitachi Zosen, and the Japanese subsidiary of Germany’s Siemens Energy will develop a huge water electrolyzer.
The precise location for the green hydrogen facility has yet to be decided.
With Japan’s goal to achieve net zero greenhouse gas emissions by 2050, hydrogen production has been on the rise.
The project is scheduled to be fully operational by March 2026.
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