Overview
- Following a White House meeting, the countries announced up to $73 billion in new U.S. energy projects financed under Japan’s $550 billion commitment.
- Up to $40 billion will back GE Vernova and Hitachi BWRX-300 small modular reactor plants in Tennessee and Alabama.
- Up to $33 billion is slated for natural-gas generation in Pennsylvania and Texas, with expected offtake to include data centers.
- The governments also deepened critical-minerals cooperation and signed a memorandum to advance joint deep-sea mineral development.
- Timelines and approvals for the reactor projects remain unclear, with most SMR designs still awaiting U.S. regulatory clearance.