Exclusive-Japan, US aim to add nuclear power project to $550 billion investment package, sources say

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Westinghouse, is designed to strengthen both countries' energy supply chains as war in the Middle East renews concerns ​about energy security.Several deals have been under discussion, to be potentially announced when Japanese Prime Minister Sanae Takaichi meets U.S. President Donald Trump in Washington on March 19, said the sources, who declined to be identified as the matter was private.Tokyo is scrambling to build up deals under the investment commitments it made ‌as part of a U.S. tariff ⁠agreement. It has already announced three projects valued at $36 billion, including a natural gas power plant in Ohio.A project to construct a copper smelting and refining facility is also ⁠being considered, the sources said.Aiming to deepen the talks, Japan's Trade Minister Ryosei Akazawa plans to visit the U.S. from Thursday to meet U.S. Commerce Secretary Howard Lutnick, two separate sources close to the matter said ​on Wednesday.Westinghouse ​was one of about 20 companies mentioned in a ​joint fact sheet the two governments issued ‌in October as having expressed interest in projects to be financed by Tokyo.The U.S. company, owned by Cameco and Brookfield, is looking at building pressurised water reactors and small modular reactors totalling up to $100 billion, according to the fact sheet.Japanese firms such as Mitsubishi Heavy Industries, Toshiba and IHI could be potentially involved, it said.Last year, the U.S. government inked a partnership worth at least $80 billion with Westinghouse to ‌build nuclear reactors, underlining Trump's agenda to increase domestic energy ​output as the expansion of artificial intelligence data centres boosts ​demand.The fact sheet also said Falcon Copper ​was considering building a $2 billion copper smelting and refining facility and is exploring involvement ‌from Japanese suppliers and off-takers.An official at ​Japan's industry ministry said the ​government did not know how the negotiations would turn out. Mitsubishi Heavy said nothing had been decided and that it would assess any equipment supply on a case-by-case basis. Toshiba declined ​to comment. IHI said it ‌would review details if concrete talks emerged.Westinghouse and Falcon Copper could not be reached for ​comment outside their business hours.(Reporting by Tamiyuki Kihara and Makiko Yamazaki; Additional reporting by ​Jekaterina Golubkova and Nobuhiro Kubo; Editing by Kate Mayberry)Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,775.78 -93.72 (-1.36%)Dow 3047,711.82 -1,027.59 (-2.11%)Nasdaq22,515.07 -292.42 (-1.28%)Russell 20002,568.57 -67.45 (-2.56%)VIX24.54 +3.39 (+16.06%)Gold5,083.40 -51.30 (-1.00%)Trending tickersTTD The Trade Desk, Inc. 29.77 +4.60 (+18.29%)GE GE Aerospace 322.46 -17.35 (-5.11%)GXAI Gaxos.ai Inc. 1.8479 +0.6079 (+49.34%)CIEN Ciena Corporation 284.37 -59.18 (-17.23%)AAL American Airlines Group Inc. 11.60 -0.86 (-6.90%)PortfolioSign in to access your portfolioSign inTop gainersTNGX Tango Therapeutics, Inc. 15.24 +2.88 (+23.36%)TTD The Trade Desk, Inc. 29.93 +4.76 (+18.92%)UNF UniFirst Corporation 266.75 +35.49 (+15.35%)VG Venture Global, Inc. 12.45 +1.29 (+11.56%)RTO Rentokil Initial plc 31.92 +3.17 (+11.03%)Top losersCIEN Ciena Corporation 285.10 -58.45 (-17.01%)VSCO Victoria's Secret & Co. 50.13 -9.88 (-16.46%)IESC IES Holdings, Inc. 414.11 -73.66 (-15.10%)HYMC Hycroft Mining Holding Corporation 40.68 -6.99 (-14.66%)AEO American Eagle Outfitters, Inc. 19.29 -3.16 (-14.08%)Most activeNVDA NVIDIA Corporation 178.89 -4.15 (-2.27%)AAL American Airlines Group Inc. 11.59 -0.88 (-7.02%)PLUG Plug Power Inc. 2.2399 -0.2401 (-9.68%)TTD The Trade Desk, Inc. 29.93 +4.76 (+18.92%)ONDS Ondas Inc. 10.11 -0.41 (-3.85%)Top economic eventsEarnings eventsMy earnings eventsEarnings events