'Japan Eyes Hydrogen Production Using Next-gen Nuclear Reactor; Japanese Government Plans To Start Field Testing Clean Hydrogen Production Using Nuclear Power As Soon As 2028' - Nikkei Asia
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The Japanese government aims to begin field testing clean hydrogen production using nuclear power by 2028, leveraging the High Temperature Engineering Test Reactor (HTTR). This follows a successful safety test and is part of Japan's strategy to meet increasing global power demand and reduce industrial emissions without greenhouse gases. The HTTR's technology could potentially power 200,000 fuel cell vehicles annually if scaled. Japan's commitment to nuclear-powered hydrogen production reflects a broader international interest in nuclear energy post-Paris climate agreement, despite ongoing skepticism and challenges, including waste disposal.
April 03, 2024 | 5:17 pm
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The Japanese government's plan to field test clean hydrogen production using nuclear power by 2028 could signal a positive shift in Japan's energy sector, potentially benefiting companies within the EWJ ETF.
The EWJ ETF, which tracks the Japanese stock market, may see positive sentiment as Japan's commitment to clean hydrogen production using nuclear power indicates a forward-thinking approach to energy and environmental challenges. This could attract investment in sectors related to energy, technology, and industrial manufacturing, potentially boosting the performance of companies within the ETF.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Japan's plans for nuclear-powered hydrogen production could increase demand for uranium, potentially benefiting the URA ETF, which tracks global uranium mining companies.
Given that the URA ETF focuses on uranium mining, Japan's push towards nuclear energy for hydrogen production could lead to increased uranium demand. This initiative, part of a broader move to embrace nuclear power post-Paris climate agreement, suggests a potential uptick in the global uranium market, benefiting companies within the URA ETF.
CONFIDENCE 70
IMPORTANCE 55
RELEVANCE 60