Japan Launches $400m Hydrogen Fund for Low-Carbon Value Chain Development
Key Ideas
  • The Japan Hydrogen Fund, with over $400 million in commitments, aims to develop the low-carbon hydrogen value chain.
  • Managed by Advantaged Partners and led by the Japan Hydrogen Association, the fund will invest in hydrogen production, storage, and transportation facilities.
  • Key Japanese companies like Toyota and financial institutions like MUFG Bank are participating in the fund to support the growth of hydrogen projects globally.
  • The establishment of the fund aligns with Japan's Hydrogen Society Promotion Act, which includes a 15-year subsidy for low-carbon hydrogen production.
The Japan Hydrogen Fund, launched with commitments exceeding $400 million, is a significant step towards developing the low-carbon hydrogen value chain. Managed by Advantaged Partners and led by the Japan Hydrogen Association, the fund aims to invest in various aspects of the hydrogen economy, including production, storage, transportation, and usage facilities. Notable participants in this initiative include major Japanese companies like Toyota and financial institutions such as MUFG Bank, demonstrating a strong commitment to fostering hydrogen-related projects globally. The fund's establishment follows Japan's Hydrogen Society Promotion Act, which offers a 15-year subsidy for both domestically produced and imported low-carbon hydrogen. This fund is a long-awaited initiative by the Japan Hydrogen Association to drive demand for hydrogen, reduce costs, and support businesses involved in the hydrogen value chain worldwide. Through this fund, the aim is to accelerate the transition towards a hydrogen society by providing essential financial support and promoting the social implementation of hydrogen technologies.
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