Project Summary
Budget
Up to 70 billion yen
CO2 Reduction Effect (World)
- In 2030
- Approximately 40 million tons/year
- In 2050
- Approximately 1,520 million tons/year
Economic Effect (World)
- In 2030
- Approximately 0.4 trillion yen
- In 2050
- Approximately 4.4 trillion yen
Research and Development Targets
Electrolyzer capital cost
- In 2030
- Alkaline 52,000 yen/kW
PEM 65,000 yen/kW
Assumptions regarding estimates of CO2 reduction effect and economic effect
- Hydrogen produced by electrolyzers is expected to mainly be used for heating.
- Hydrogen is expected to replace imported natural gas, which emits less CO2 than other fossil fuels such as oil and coal, with equivalent heat values.
- Estimates of hydrogen production have been calculated on the basis of the assumption that electrolyzers with the following capacities will operate at the rate used for Germany’s national hydrogen strategy:
In 2030: 70 GW (total value from major countries and regions which have established targets for the installation of electrolyzers).
In 2050: On average, electrolyzers are expected to be installed at the rate of 88 GW/year. - Estimates of economic impacts have been calculated using the following costs for electrolyzer installation:
In 2030: 58,500 yen/kW
In 2050: 50,000 yen/kW