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Eleven hydrogen-related projects to receive government funding

The New Energy and Industrial Technology Development Organization (NEDO) announced on Aug. 26 that it has chosen eleven hydrogen-related initiatives as the first group of projects to be funded by the government’s 2-trillion-yen fund established to support developing carbon-free technology.


The total funding is estimated at 384 billion yen, including additional funding that would become necessary in case the projects proceed smoothly.


ENEOS and Kawasaki Heavy Industries will receive approximately 220 billion yen in funding for a demonstration experiment to produce hydrogen without emitting CO2 and transporting it by sea. The initiative aims to establish a hydrogen supply chain involving delivery of tens of thousands of tons of hydrogen annually.


Other projects chosen include Kansai Electric Power Corporation’s demonstration experiment to generate power using hydrogen and Asahi Kasei’s project to develop a mechanism that produces hydrogen using renewable energy.


The fund, operated by NEDO, will provide funding for developing various carbon-free technologies designated by the government over a period of ten years. An expert panel under the Ministry of Economy, Trade and Industry determines the allocation of funds among various fields.

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