Monica NAGASHIMA -- Ifri Studies, October 2018
With the release of its hydrogen strategy on December 26, 2017, Japan reiterated its commitment to become the world's first "hydrogen society". The main objective of this strategy is to lower hydrogen production costs so that they are comparable to those of competing fuels: gasoline in transport and liquefied natural gas (LNG) in electricity generation.
The retail price of hydrogen is currently around 100 yen per normal cubic meter (yen / Nm3) (90 cents / Nm3). The goal is to reduce it to 30 yen / Nm3 by 2030 and reach 20 yen / Nm3 (17 cents / Nm3) in the longer term. To this end, over the last six years, the Japanese government has spent about $ 1.5 billion on research and development (R & D) and grants to:
Enable low-cost, decarbonized hydrogen production from fossil fuels and the use of carbon capture and storage (CCS) technology or electrolysis from renewable energies;
Develop domestic infrastructure to import and distribute hydrogen;
Generalize the use of hydrogen in many sectors, such as mobility, micro-cogeneration and electricity generation.
Japan's strategy is based on the belief that hydrogen can be a decisive answer to contemporary energy and climate challenges.
This study is only available in English: Available at the following link " Japan's Hydrogen Strategy and Its Economic and Geopolitical Implications "