The country will invest $113 billion over 15 years in public and private sectors to develop hydrogen supply chains and lead global standards for cleaner fuels.
Japan aims to boost its hydrogen supply to 12 million tonnes annually by 2040.
Japan announced plans to revise its hydrogen strategy on Tuesday, with an ambitious goal to increase its annual supply to 12 million tonnes by 2040. significant investments being made by the United States and Europe. Plans are already in place to increase Japan's hydrogen supply to approximately 3 million tonnes by 2030, up from the current 2 million tonnes used mainly by oil refiners.
The electrolysis process uses electricity to split water into hydrogen and oxygen, with the resultant hydrogen being stored in fuel cells and transported.