ECONOMY > Energy

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ECONOMY > Energy

Finding minerals faster with AI: Investors flock to U.S. startup

TAKEHIRO HASEGAWA, Nikkei staff writer   TOKYO — A U.S. startup developing an artificial intelligence program to accurately locate deposits of critical minerals is drawing investments from a wide range of investors, including energy companies and billionaires Bill Gates and Jeff Bezos.   KoBold Metals, launched in 2018, has an AI platform co-developed by Stanford University that crunches private- and….Read more

  • August 27, 2023
  • , Nikkei Asia , 09:00 a.m.
  • English Press

ECONOMY > Energy

Japan Nuclear Fuel to resume operations at uranium enrichment plant today

On Aug. 24, Japan Nuclear Fuel Limited (JNFL) said it will resume operations at its uranium enrichment plant in Rokkasho Village, Aomori Prefecture, on Aug. 25. The operations at the plant were suspended to meet new regulatory standards. If resumed, the plant will be online for the first time in six years.

  • August 25, 2023
  • , Yomiuri , p. 35
  • JMH Translation

ECONOMY

TEPCO begins discharge of treated water into the ocean

By KEITARO FUKUCHI/ Staff Writer   Tokyo Electric Power Co. on Aug. 24 began the highly contentious process of discharging treated radioactive water from its crippled Fukushima No. 1 nuclear power plant into the ocean.   The water, which had all radioactive elements, except tritium, removed under safety standards entered the sea around 1 p.m.   TEPCO officials said a….Read more

  • August 24, 2023
  • , The Asahi Shimbun , 1:17 p.m.
  • English Press

ECONOMY

METI to provide subsidies for hydrogen fuel cell development

The Ministry of Economy, Trade and Industry will support the development of hydrogen-powered aircraft by providing subsidies to companies that produce hydrogen fuel cells. METI aims to maintain Japan’s competitiveness in aircraft components, one of its fortes, in anticipation of the emergence of next-generation aircraft that do not emit carbon dioxide (CO2). The goal is to conduct flight demonstration tests….Read more

  • August 24, 2023
  • , Nikkei , p. 5
  • JMH Translation

ECONOMY > Energy

J-Power president to minimize cost of installing greener facilities

[The following is an interview with Electric Power Development (J-Power) President Kanno Hitoshi.]   Interviewed by Nagata Takehiko   Question: How will J-Power contribute to the simultaneous pursuit of stable electricity supply and mid- and long-term decarbonization efforts?   Kanno Hitoshi: It is critical for us to begin by stably operating power plants as well as power transmission and substation….Read more

  • August 19, 2023
  • , Sankei , p. 12
  • JMH Translation

ECONOMY

Editorial: Interim spent fuel storage facility urgently needed

An interim storage facility for spent fuel from nuclear power plants is expected to be constructed in Kaminoseki. The town faces the Seto Inland Sea in Yamaguchi Prefecture.   Chugoku Electric Power Co, Inc and Kansai Electric Power Co, Inc are to jointly develop the project. After delivering a report to the Kaminoseki Town Council on August 18, Mayor Tetsuo….Read more

ECONOMY

Startup aims to launch world’s first battery tanker by 2025

PowerX, a Tokyo-based startup company, is working to develop a “battery tanker”, a cargo ship to transport energy. When completed, it will be the first of its kind.   The vessel would store surplus electricity from solar, wind, and other renewable energy produced in rural areas in storage batteries installed on board. The energy could then be transported to urban….Read more

  • August 22, 2023
  • , Japan Forward
  • English Press

ECONOMY > Energy

How would a natural gas shortage affect Japan? 3 things to know

TEN UMEKUNI, Nikkei staff writer   TOKYO — As the global scramble for liquefied natural gas escalates, potential threats to supplies of the fuel are a growing concern for Japan, the world’s largest LNG importer.   Russia’s invasion of Ukraine last year, and the shunning of Russian LNG that followed, sent prices skyrocketing to historic highs, driving up costs for….Read more

  • August 23, 2023
  • , Nikkei Asia , 06:37 a.m.
  • English Press

ECONOMY > Energy

Japan shipbuilders on board campaign to cut emissions

  The push to decarbonize is spurring innovation across heavy industries such as shipbuilding, where businesses are increasingly thinking outside the box in a bid to rein in emissions. The result of these efforts is enterprises such as PowerX, a Tokyo-based start-up that’s working on a new and more efficient way to transport renewable energy across water.   The Seto….Read more

  • July 19, 2023
  • , NHK WORLD
  • English Press

SCIENCE > Environment

Tokyo Report: Japan paper industry to develop new wood fiber material

Tokyo, Aug. 21 (Jiji Press)–Major Japanese paper manufacturers are developing a new wood fiber material that could help promote decarbonization and reduce the use of plastics.   With demand for paper in the doldrums, the industry is looking to expand the use of wood, a renewable resource, beyond paper products.   Domestic demand for paper and paperboard has been falling….Read more

  • August 21, 2023
  • , Jiji Press , 10:30 a.m.
  • English Press
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