In efforts to promote geothermal energy development and generation in Japan, the country’s Ministry of Economy, Trade and Industry (METI) has decided to provide funding as part of a program to support private companies and universities on conducting technical development and research on geothermal power generation.
The program is expected to promote research and development on a wide range of subjects, including investigation into new geothermal power development, reduction of drilling cost and development of high-performance steam turbines for geothermal applications.
The budget planned for the financial year of 2013 is 1,500 million Yen ($19 million). While the funding is expected to be matched by companies or universities, the program will subsidize up to two thirds of the project cost.
Source: The Denki Shumbun
