Japan will invest USD 1.6 bn to back a Japanese-Australian joint venture project producing hydrogen from brown coal, Reuters reports. The USD 336 mn Hydrogen Energy Supply Chain (HESC) project is led by Kawasaki Heavy Industries and creates Japan's first hydrogen supply chain between Australia’s Victoria state and Kawasaki, the newswire quotes Japanese Industry Minister Yasutoshi Nishimura as saying. Production will begin towards the end of the decade and reach 30 to 40k tons of hydrogen per year — potentially rising to 250k tons — through carbon capture, Bloomberg adds.

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  • Tesla has lowered the price of some of its electric vehicles in the US by USD 5k in a bid to boost sales. This is the fifth time the company slashes prices in the US this year. (The Guardian)
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