4th April 2026
EP Report
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 first tranche of projects under the new investment fund in February, with $36 billion in commitments in three infrastructure projects.
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