Illiquid
TOKYO -- Tokyo Electric Power Co. Holdings (TEPCO) estimates that it must invest more than 11 trillion yen ($70 billion) over the next 10 years, according to people familiar with the matter. The company aims to generate over 60% of its electricity from carbon-free power sources by 2040, up from around 20% in 2024, they said.

... The figure represents a more than 50% increase from the 7 trillion yen invested between fiscal 2015 and 2024.

The new management plan will include expanding investments in nuclear power plants and renewable energy to meet rising electricity demand driven by the growth of artificial intelligence and the global trend toward decarbonization, the sources said.

With demand for electricity rising due to the expansion of data centers, TEPCO expects to spend 2 trillion yen over the next 10 years to improve its electrical grid, giving it the capacity to supply 12 gigawatts of electricity in metro Tokyo by fiscal 2040, up from 2.2 gigawatts in fiscal 2024.

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Brady Long
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Illiquid
Kuaishou (1024) +3.4%

Dive into the fun of Kling 2.6 Motion Control—the trend we're defining.

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Illiquid
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memenodes
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memenodes
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App Economy Insights
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memenodes
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