OSAKA -- Japanese utility Kansai Electric Power will pull out of a project to produce green hydrogen in Australia, as ballooning costs impact profitability, Nikkei has learned.
Energy
Japan's Kansai Electric exits Australia green hydrogen project
High electricity prices seen making production unprofitable
Kansai Electric had planned to use the hydrogen from the project at its power plants, including at the Himeji No. 2 power station. (Photo by Hiromasa Matsuura)
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