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Shoko Oda
A Nippon Steel blast furnace building in Kashima, Ibaraki Prefecture, on Dec. 6
BUSINESS / Companies
Dec 14, 2024
Nippon Steel’s plan B now in focus as $14 billion U.S. deal falters
The bid for the once-fabled American company ran into a maelstrom of political opposition in the U.S. in the run-up to the presidential election.
Cables connect to servers at a data center. The rapid global adoption of AI has triggered a boom in demand for the energy-hungry data centers on which the technology depends, putting power grids to the test.
JAPAN
Dec 12, 2024
Fossil fuels initially needed for AI boom, Tepco adviser says
While electricity demand has been trending downward in Japan, experts have suggested that the decline could be reversed as the nation builds more data centers.
A thermal power plant in Takasago, Hyogo Prefecture. Policymakers suggest setting a target of cutting emissions by 60% by 2035.
JAPAN
Nov 26, 2024
Japanese panel suggests 60% emissions reduction target for 2035
Japan already has a goal to reduce 2013-level emissions by 46% by 2030.
An electrical substation in Tokyo. Japan's total power generation fell to its lowest in more than a decade in the year through March.
JAPAN / Society
Nov 22, 2024
Japan’s power output falls to lowest in more than a decade
The total amount of electricity generated fell 1.6% year on year to 985.4 terawatt hours in the 12 months to March.
Tokyo Gas’ LNG terminal in Sodegaura, Chiba Prefecture
BUSINESS / Companies
Nov 20, 2024
Tokyo Gas shares jump most since 1987 after activist fund discloses major stake
Elliott Investment Management said it now owns more than 5% of Tokyo Gas and may make "important proposals” to the utility provider.
Hokkaido Electric Power's Tomari nuclear plant. The company says it will be able to meet a boom in consumption from planned data centers and a chipmaking plant provided it is allowed to restart its nuclear reactor.
JAPAN
Nov 18, 2024
Hokkaido Electric sees power demand surge with data center boom
Hokkaido boasts a cold climate, which reduces cooling costs, and potential for renewable energy, particularly offshore wind.
The Unit 2 reactor at Fukushima No.1 nuclear power plant in Fukushima Prefecture
JAPAN
Nov 7, 2024
Tepco removes nuclear fuel debris from Fukushima disaster site
Radioactive debris was removed from the Unit 2 reactor at the plant and was placed inside a sealed container for transportation.
Tohoku Electric Power workers restart the Unit 2 reactor of the Onagawa Nuclear Power Plant in Onagawa, Miyagi Prefecture, on Tuesday.
JAPAN
Oct 30, 2024
A lack of workers threatens Japan's nuclear power revival
The slow revival of nuclear power has dramatically worsened a skills crunch visible across the nation’s nuclear industry.
The Onagawa Nuclear Power Plant's No. 2 reactor was set to restart Tuesday after more than 13 years of suspension.
JAPAN
Oct 29, 2024
Japan restarts nuclear power plant closest to 2011 earthquake
Nuclear power used to account for around a quarter of Japan’s electricity mix prior to the disaster, but it was at just 6% as of March 2023.
Ubitus, which received funding from Nvidia earlier this year, joins a growing list of tech companies at the forefront of a global revival in nuclear power.
BUSINESS / Companies
Oct 18, 2024
Nvidia-backed firm eyes a data center near nuclear power in Japan
The Nvidia-backed company Ubitus joins a growing list of tech companies at the forefront of a global revival in nuclear power.
The Shimane nuclear power plant's No. 2 reactor is set to restart in early December.
JAPAN
Oct 15, 2024
Japanese utility to restart Shimane nuclear reactor in December
Shimane No. 2 was set to resume in August, but its operator pushed back the restart due to required safety upgrade work.
Jera's liquefied natural gas fired power plant inside the company's Anegasaki Thurmal Power Station in Ichihara, Japan.
BUSINESS / Companies
Oct 5, 2024
Japan firms unite to cut methane emissions from LNG supply
Twenty-two firms are joining an initiative that aims to leverage their buying power to curb methane emissions from liquefied natural gas supply chains.
It is estimated that the cleanup at the Fukushima No. 1 nuclear power plant will cost around ¥23 trillion ($157 billion).
JAPAN
Aug 19, 2024
Tepco to demonstrate removal of radioactive debris from Fukushima No. 1
About 880 metric tons of fuel debris remain in the three reactors that suffered a meltdown.
Sumitomo Corp. President Shingo Ueno speaks during an interview at the company's head office in Tokyo on Tuesday.
BUSINESS / Companies
Jul 1, 2024
Sumitomo looks to tap U.S. shale boom despite exiting production
The company will seek to boost sales of pipelines used in U.S. shale fields.
Seiji Izumisawa, president of Mitsubishi Heavy Industries, says the firm is almost finished designing its next-generation nuclear reactor.
BUSINESS / Companies
Jun 24, 2024
Mitsubishi Heavy moving closer to building new reactor in Japan
The firm can start building the facility once a site for it is established and some late-stage tests are completed.
Some overseas airlines scrapped plans to add or increase services to Japanese airports due to the uncertain jet fuel supply, trade minister Ken Saito acknowledged on Tuesday.
BUSINESS / Companies
Jun 11, 2024
Jet fuel crunch sees airlines servicing Japan demand more supply
Eneos Holdings has been fielding calls from carriers and is working with the government to ease the problem, a spokesperson said via phone.
Sumitomo headquarters in Tokyo on Tuesday
BUSINESS
May 2, 2024
Sumitomo to bolster shareholder returns in new midterm plan
Sumitomo will allocate ¥700 billion ($4.5 billion) of returns over the next three years, with a goal of total shareholder return ratio of 40%.
The weak yen impacts the airline industry multiple ways, as it boosts foreign currency revenue from international flights but negatively affects travelers from Japan.
BUSINESS / Companies
May 2, 2024
Japan firms reach pain threshold as yen keeps testing lows against the dollar
The currency's sustained decline makes planning difficult for all firms and can add costs across the whole supply chain.
Yukio Kani, chairman and global CEO of Jera
BUSINESS / Companies
Apr 15, 2024
Japan’s top power producer Jera considers IPO to fund green push
The Tokyo-based company plans to develop 20 gigawatts of renewable generation capacity by fiscal 2035.
Japan will need new nuclear power plants to meet its 2050 net zero goal.
BUSINESS
Apr 9, 2024
Japan needs new nuclear to hit green goals, power sector says
New reactors are needed to help reduce dependence on costly fossil fuel imports and to help boost economic competitiveness.

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