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Japan and the United States are exploring the inclusion of a nuclear power project in the second phase of Japan's 550 billion USD investment package. The project is expected to involve Westinghouse and aims to strengthen energy supply chains amid ongoing Middle East tensions. Talks may be formalized when Japanese Prime Minister Sanae Takaichi meets U.S. President Donald Trump later this month. Other potential projects include a copper smelting and refining facility. Japanese companies such as Mitsubishi Heavy Industries, Toshiba, and IHI could participate, while U.S. and Japanese officials continue consultations.
Japan and the United States are working on including a nuclear power project in the next round of deals under Japan's 550 billion USD investment package, according to sources familiar with the matter. The project, expected to involve Westinghouse, is aimed at enhancing energy supply chains as recent conflicts in the Middle East raise concerns about global energy security. Advertisement
Several deals are being discussed, with announcements potentially planned when Prime Minister Sanae Takaichi meets U.S. President Donald Trump in Washington later this month. This follows Japan's earlier commitments as part of a U.S. tariff agreement, under which it has already unveiled three projects valued at 36 billion USD, including a natural gas power plant in Ohio.
In addition to the nuclear power project, a copper smelting and refining facility is also under consideration. Japan's Trade Minister Ryosei Akazawa is scheduled to visit the U.S. soon to meet Commerce Secretary Howard Lutnick, aiming to advance discussions.
Westinghouse, which is partly owned by Cameco and Brookfield, was listed among about 20 companies in a joint fact sheet issued last October as expressing interest in projects financed by Tokyo. The company is exploring construction of pressurized water reactors and small modular reactors with a potential total investment of up to 100 billion USD.
Japanese firms including Mitsubishi Heavy Industries, Toshiba, and IHI could also take part. Last year, the U.S. government partnered with Westinghouse on projects worth at least 80 billion USD to build nuclear reactors, highlighting the Trump administration's focus on domestic energy output, particularly as demand rises from expanding AI data centres.
The fact sheet also noted that Falcon Copper is considering a 2 billion USD copper smelting and refining facility and is looking into collaboration with Japanese suppliers and off-takers.
Officials at Japan's Ministry of Industry said they could not predict the outcome of negotiations. Mitsubishi Heavy Industries stated that no decisions had been made and that any equipment supply would be evaluated case by case. Toshiba declined to comment, while IHI said it would review details if concrete discussions emerged. Westinghouse and Falcon Copper were not available for comment outside their business hours.
Source Reuters
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