The Government of Japan announced last week its intention to update its hydrogen strategy in late May. The country aims to increase its current 2 million-tonne supply of hydrogen to 12 million tonnes by 2040, among other goals.
The Japanese Basic Hydrogen Strategy, first established in 2017, is set to be revised for a restructure of its goals. Apart from increasing its supply output, the country seeks to boost local electrolyser manufacturers to win 10% of global market share by 2030. To achieve this, Prime Minister Fumio Kishida announced it will require approximately ¥15 trillion ($112.8bn) of public and private investment to advance the use of hydrogen and renewable energy sources over the next 15 years.
