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Energy Crisis Looms: Japan’s Idle Nuclear Giant Could Change Everything

by Team Lumida
May 30, 2024
in News, Nuclear Renaissance
Reading Time: 3 mins read
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nuclear power plant, cooling tower, sunrise

Photo by distelAPPArath on Pixabay

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Key Takeaways

  1. Japan’s reliance on costly imported fuels is unsustainable.
  2. Restarting Kashiwazaki Kariwa could power 13 million homes.
  3. Political hurdles and safety concerns delay nuclear revival.

What Happened?

The Kashiwazaki Kariwa Nuclear Power Plant, the world’s largest, remains idle since the 2011 Fukushima disaster. This facility, capable of generating 8.2 gigawatts of power, currently produces zero.

Japan spent 27 trillion yen ($172 billion) last year on imported energy, straining its economy. The debate over restarting the plant is intensifying as Japan grapples with rising energy demands and climate commitments.

Why It Matters?

You might wonder why this idle plant is crucial. Japan’s heavy reliance on imported fossil fuels has economic and environmental implications. Restarting Kashiwazaki Kariwa could significantly reduce energy costs and carbon emissions.

Rafael Mariano Grossi, IAEA’s director, emphasized, “It’s very important for Japan to be able to count on Kashiwazaki Kariwa again.” The plant’s potential to power 13 million households underscores its importance.

What’s Next?

Expect the debate to heat up as Niigata’s regional assembly meets next month to discuss the plant’s future. Investors are already betting on a nuclear revival, with Tohoku Electric and Kyushu Electric seeing significant stock movements. Prime Minister Fumio Kishida’s government is also reviewing its energy strategy, which could influence the decision.

October forecast from BNEF, predicts a possible restart of reactor No. 7 at Kashiwazaki Kariwa. The outcome will shape Japan’s energy landscape and its commitment to climate goals.

Source: BBG
Tags: Energy CrisisJapan
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© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
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