Japan has announced a plan to invest 15 trillion yen ($107.5 billion) over the next 15 years to increase the country’s hydrogen supply as part of its efforts to shift to a low carbon economy. The revised target is to boost hydrogen supply to 12 million tonnes a year by 2040, up from the initial plan of 3 million tonnes annually by 2030. The plan aims to help Japanese companies play a central role in providing electrolysers needed to produce hydrogen from water and sets a target of 15 gigawatts of electrolyser capacity by the end of the decade. The government will provide 6-8 trillion yen, with the remainder coming from the private sector.
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