US, Japan Announce $40b Nuclear Power Project

The United States and Japan announced a $40 billion project to build nuclear reactors in Tennessee and Alabama, after a meeting of the two countries’ leaders in Washington. The talks between US President Donald Trump and Japanese Prime Minister Sanae Takaichi came after Tokyo agreed last year to invest $550 billion through 2029 as part of a new trade pact with Washington.

a joint statement on the so-called small modular reactors (SMRs) also announced a $33 billion investment in natural gas power generation facilities in Pennsylvania and Texas.

the countries announced the ?rst tranche of projects under the new investment fund in February, with $36 billion in commitments in three infrastructure projects.

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