Japan

The Sumitomo Corporation has reported a stunning ¥26bn (US$251m) loss on its Western Australian Bluewaters coal fired power investment. The loss assures the company’s worst ever annual performance and comes as a result of international and financial pressure against coal funding.

It’s been a busy couple of months in global energy and climate policy. Australia’s largest trading partners – China, South Korea and Japan – have all announced they will reach net-zero emissions by about mid-century. In the United States, the incoming Biden administration has committed to decarbonising its electricity system by 2035.

The centralised nature of policymaking in Beijing would enable component standardisation to ease the transition from EV to stationary energy storage use, according to Greenpeace East Asia.

Re-elected South Korean president Moon Jae-in today declared he will follow-up on a campaign trail promise to eliminate carbon emissions by mid century. The announcement comes just two days after Japan’s new prime minister said he would accelerate his nation’s emissions target.

Global Energy Ventures announced to the ASX yesterday its design for the H2 Ship, a compressed hydrogen ship capable of transporting 2,000 tonnes of hydrogen from green hydrogen hubs in northern Australia to trading partners such as Singapore, Korea, China, and Japan.

A new 100 MWp solar power plant supplied with Kyocera solar modules has begun operation in Japan’s Kagoshima Prefecture. Operated by the Kyocera-backed Kanoya Osaki Solar Hills LLC joint venture, the plant is one of the largest PV facilities on the island of Kyushu. Venture partner Tokyo Century arranged financing for the project with 17 regional banks.

Modelling from a new report backed by ARENA has found that on-site solar electrolysis is not only the most cost-effective way of reaching Australia’s ambitions of both a domestic and export hydrogen economy, but perhaps the only way.

Monash University researchers, as part of an international team, have managed to develop a solar cell so ultralight and flexible that it could revolutionise the future of wearable tech.

The ‘best conversion performance in the world in a dark room’ is how the developers of a new organic PV device have described it. Such cells could be used as a wireless source of energy for internet of things applications or in gadgets such as temperature-humidity and motion sensors.

The Canadian battery manufacturer has announced an investment from Japanese Itochu Corporation and got closer to integrating Moixa GridShare AI with its Evolve batteries.