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R&D and Social Implementation Plan Formulated for "Next-Generation Storage Battery and Motor Development" Projects

November 11, 2021

The Ministry of Economy, Trade and Industry (METI) has formulated an R&D and Social Implementation Plan that summarizes the content of "Next-Generation Storage Battery and Motor Development" projects that will be implemented using the Green Innovation Fund.

1. Background and purpose

Toward the goal of achieving carbon neutrality by 2050, METI has established a Green Innovation Fund at a level of 2 trillion yen under the FY2020 Tertiary Supplementary Budget and decided to assign the New Energy and Industrial Technology Development Organization (NEDO) in its operation. Based on specific goals shared by the public and private sectors, the government will provide continuous support over the next ten years to companies and other organizations committed to take on challenge toward achieving the ambitious goals as one of the most critical business issues. The support will assist efforts ranging from research and development (R&D) through demonstrations to social implementation of the outcomes.
In order to ensure proper and efficient execution of the fund, the Green Innovation Project Committee under the Industrial Structure Council finalized the Fund Allocation Policy for Each Field. Based on this policy, field-specific working groups established under the Committee deliberate on issues such as the priority and appropriateness of the amount to be implemented by the fund for each project. Then, the divisions and offices in charge of the project at the responsible ministries formulate the content of each project as an "R&D and Social Implementation Plan," and start calls for applicants.
Today, METI formulated an R&D and Social Implementation Plan for "Next-Generation Storage Battery and Motor Development" projects based on discussions by the Working Group on the Field of Industry Structure Transformation.

2. Main content of the R&D and Social Implementation Plan for "Next-Generation Storage Battery and Motor Development" projects

In order to reduce CO2 emissions that result from the use of automobiles, it is essential to make them electrified. This project will conduct R&D such as how to improve storage batteries' and motors' performance, how to make them resource-efficient, and how to recycle them with the aim of decarbonizing the automobile sector and strengthening its industrial competitiveness.

3. Future schedule

NEDO has started the call for applicants for the "next-generation storage battery and motor development" projects today. For more information, please see METI's press release "Call for Applicants Starts for 'Next-Generation Storage Battery and Motor Development' Projects."

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