TEPCO $70 Billion Energy Investment: Tripling Carbon-Free Power by 2040
TEPCO plans a $70 billion (11 trillion yen) investment to increase its carbon-free power share to 60% by 2040. Learn about the nuclear restart and AI power strategy.
Japan's energy giant is placing a $70 billion bet on a carbon-free future. Tokyo Electric Power Co. Holdings (TEPCO) plans to overhaul its generation mix to meet surging demand and climate targets over the next decade.
TEPCO $70 Billion Energy Investment to Triple Green Share
According to sources familiar with the matter, TEPCO estimates it needs to invest more than 11 trillion yen ($70 billion) over the next 10 years. The ambitious roadmap aims to boost the share of carbon-free electricity to over 60% by 2040, a massive jump from the current 20% recorded in 2024.
Nuclear Resurgence to Feed AI's Growing Hunger
A critical component of this transition is the return of nuclear power. TEPCO is scheduled to partially restart the Kashiwazaki-Kariwa plant—the world's largest nuclear facility—on January 20. This move isn't just about decarbonization; it's a response to the AI boom. The company is earmarking $3.2 billion specifically for power grid upgrades to support new data centers.
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