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Kawasaki Heavy Industries Quits Nuclear Business to Promote Hydrogen

By November 24, 2020 < 1   min read  (161 words)

November 24, 2020 |

Kawasaki Hydrogen Main

Kawasaki Heavy Industries has signed a memorandum of understanding with Atox Co., Ltd. to transfer its nuclear power business to Atox. In the future, based on this agreement, the company will proceed with sincere discussions toward the conclusion of a business transfer agreement.

KSI said “Since starting the nuclear power business in 1969, we have participated in commercial nuclear power plants, decommissioning / waste treatment, national projects for new reactors, etc. for about half a century, and have a large number of development and delivery records.

However, in light of recent changes in the energy market environment, the nuclear power business has been transferred to Atox, and the Company is drawing attention from around the world as the core business of the focus area “Energy / Environmental Solutions” set forth in the Group Vision 2030 Business Policy. We will promote hydrogen energy-related businesses.”

KHI has recently partnered with eight other Japanese companies to launch the preparatory committee to form and launch the Japan Hydrogen Association

 

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