TEPCO Constructs Substation to Meet Rising Data Center Power Demand

May 16, 2024 | News On Japan

TOKYO - As the Japanese government begins discussions on the basic policies for its energy strategy, Tokyo Electric Power Company (TEPCO) has constructed a new substation and other infrastructure in Inzai City, Chiba Prefecture, to address the increasing power consumption of data centers.

This area, being close to the city center and having solid ground, has seen a rise in the number of data centers. It is expected that the power demand in this region will surge to six times the current level within three years.

TEPCO Power Grid has built the substation and transmission lines, which will begin operations next month.

Meanwhile, the government has initiated a review of the "Basic Energy Plan," which outlines policy directions every three years.

This review will consider the composition ratio of renewable energy sources and discuss the expansion of "decarbonized power sources" for data centers, including those used for generative AI.

Source: ANN

Japan and Italy Sign Supply Chain Pact, Expand Space Cooperation

Prime Minister Sanae Takachi and Italian Prime Minister Giorgia Meloni announced new agreements on supply chain resilience and space cooperation following a summit meeting in Italy on June 15th, as the two countries pledged closer coordination on economic security and international affairs ahead of the G7 Summit.

Bear Family Spotted Near Kyoto Nursery

A parent bear and two cubs were spotted near an interchange in Kyoto Prefecture, just a few minutes' drive from a nursery school, in one of many bear sightings reported across Japan in recent days.

Royals Watch Japan-Netherlands World Cup Together

Emperor Naruhito and Empress Masako watched Japan's opening FIFA World Cup match against the Netherlands together with King Willem-Alexander and Queen Máxima, highlighting the close ties between the Japanese Imperial Family and the Dutch Royal Family.

Driver Escapes After Ramming Into LDP Lawmaker's Office

Police in Kyoto Prefecture are investigating a hit-and-run after a vehicle crashed into the Maizuru office of Liberal Democratic Party Lower House member Taro Honda late on June 13 before the driver fled the scene.

Fire Torches Naritasan Shokoji Temple in Hokkaido

A fire broke out at a Buddhist temple in Obihiro, Hokkaido, on June 13th, sending flames soaring from the building and causing temporary alarm in a nearby residential neighborhood before being largely extinguished about two hours later.

MEDIA CHANNELS

MORE Business NEWS

Okinawa Coca-Cola Launches Large-Scale Solar Powered Factory

Okinawa Coca-Cola Bottling has begun operating a large-scale solar power generation system at its Urasoe plant, aiming to reduce carbon dioxide emissions by 330 tons annually while expanding the use of renewable energy in the prefecture.

Nikkei Surges Above 69,000 for First Time as U.S.-Iran Deal Sparks Broad Market Rally

Tokyo stocks posted one of the strongest gains in the history of Japan's equity market on June 15, with the Nikkei Stock Average closing above 69,000 for the first time after a U.S.-Iran agreement aimed at ending hostilities eased concerns over energy prices and global economic risks.

Nikkei Surges Into 66,000 Range as Kioxia Becomes Japan's Most Valuable Company

Japanese stocks rebounded sharply on June 12th, with the Nikkei Stock Average closing back above the 66,000 level for the first time in a week as easing concerns over tensions in the Middle East and a strong rally in U.S. technology shares fueled broad buying of AI-related stocks.

Japanese Companies Turn To Early Retirement

Restructuring is often associated with companies in financial trouble, but a growing number of profitable Japanese corporations are now encouraging employees to take early retirement as part of efforts to reshape their workforces for the future, creating both opportunities and significant risks for workers considering a second career.

Seven-Eleven, Dentsu Launch New Advertising Venture

Seven-Eleven Japan announced that it will establish a new company with CyberAgent and Dentsu to develop advertising services, using digital signage installed in its stores to deliver targeted advertisements based on real-time conditions.

Gold Slumps Below 23,300 Yen Per Gram in Japan

Domestic gold prices in Japan fell sharply on June 11, with the benchmark retail gold price announced by Tanaka Precious Metal Technologies dropping 906 yen from the previous day to 23,262 yen per gram as of 9:30 a.m., marking the lowest level of the year.

Starbucks Mulls Sale of Japan Business

U.S. coffee giant Starbucks is considering selling its Japan business, with Bloomberg reporting that the company has begun preliminary talks with investment banks and that any deal could be worth between 400 billion yen and 500 billion yen.

Will There Be Another Currency Intervention to Boost Weak Yen?

The Bank of Japan is set to raise its policy interest rate from 0.75% to 1.0% at its monetary policy meeting on June 15th and 16th, a move that could mark another step in the central bank's gradual shift away from ultra-loose monetary policy as inflation remains elevated and the yen continues to weaken.

< 2 3 4 5 >