As visitors to any of Japan’s thousands of hot springs know, this country is sitting on a lot of very hot water.
So far, though, little of it has been harnessed to produce energy. There are only 18 geothermal power plants in the country, and together they account for only 0.3 percent of Japan’s electricity production.
But some say that with Japan’s reliance on nuclear power plants coming into question, the country should harness more of its geothermal natural resource to provide clean, renewable energy.
Read the rest of the story: Japan Derives Little Electricity From its Hot Springs.
Sumitomo Corp., JGC Corp. and Electric Power Development Co. and other companies are cooperating with the government to sell geothermal power technology overseas.
Twenty companies, including Itochu Corp., Mizuho Corporate Bank Ltd. and Sumitomo Mitsui Banking Corp., have set up a working group to promote the Japanese technology, said Hiroyuki Kudo, general manager of the international cooperation division at the Energy Conservation Center, which serves as the group’s secretariat.
The group plans to first pursue opportunities in Indonesia, where demand for geothermal power is forecast to increase, said Satoshi Nakamura, assistant director of the Ministry of Economy, Trade and Industry’s Agency for Natural Resources and Energy.
Japan and Indonesia have agreed to cooperate on building infrastructure for geothermal power, Nakamura said.
Read the rest of the story: Geothermal technology pushed | The Japan Times Online.