The Japanese Ministry of Economy, Trade, and Industry (METI) has announced the first two winners of its ¥3 trillion ($20bn) Contracts for Difference (CfD) scheme.
Both projects are recognised as low-carbon hydrogen supply business plans and are set to receive subsidies under the Hydrogen Society Promotion Act.
The first project, led by Toyota Tsusho, Eurus Energy, Iwatani, and Aichi Steel, is expected to produce 1,600 tonnes of green hydrogen per year. Electrolysis powered by onshore wind will be used to support Aichi’s special steel manufacturing.
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