Japan is investing over $1 billion in green hydrogen technology projects

Source: www.gulfoilandgas.com 12/20/2024, Location: Asia

Japan is investing $1.11 billion in green hydrogen technology, including over $365 million in government funding for projects aimed at developing gigawatt-scale electrolyser and fuel cell manufacturing capacities.

Toyota, a global automotive leader, has received a grant of approximately $73.5 million for a $225 million project. This initiative aims to develop 3GW of electrolyser manufacturing capacity and produce 75,000 fuel cell systems annually for commercial trucks by 2030, targeting the European and US markets.

United H2 Limited welcomes the growing global commitment to hydrogen as the fuel of the future. Initiatives like Japan's $1.11 billion investment highlight the industry's pivotal role in achieving net-zero emissions and advancing sustainable energy innovation.


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