Asahi Kaisei, De Nora form partnership for small-scale electrolysers
Sep 16, 2024 11:11 CESTJapanese power utility Jera Co has set out a growth strategy that envisages an investment of JPY 5 trillion (USD 32.1bn/EUR 29.6bn) in three strategic business areas by fiscal year 2035.
The three key business pillars -- liquefied natural gas (LNG), renewables, and hydrogen and ammonia -- are poised to receive some JPY 1 trillion-2 trillion each, according to the company’s 2035 vision, released last week.
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Jera, which currently supplies one-third of Japan’s electricity and is one of the world’s largest LNG buyers, targets 20 GW of cumulative developed renewables capacity by 2035, compared to an expected 5 GW in fiscal year 2025.
The company also seeks to pioneer the global hydrogen and ammonia value chain, and to achieve 7 million tonnes of handling volume.
“With our new growth strategy, we are positioning ourselves at the forefront of the energy transition. Our vision will be made possible through strategic collaborations with our global partners,” said global CEO and chair Yukio Kani.
In line with its 2050 zero CO2 emissions target, Jera plans to phase out inefficient coal-fired thermal power by fiscal year 2030 and convert the remaining coal-fired power generation to ammonia by the 2040s.
(JPY 100.0 = USD 0.642/EUR 0.592)
Asahi Kaisei, De Nora form partnership for small-scale electrolysers
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