Mayor Kaohsiung Visits US to Announce Enhanced Energy Cooperation Between Two Countries; Japan to Invest $73 Billion in US Energy Projects

WealthCoffee · 2026-03-21T07:14:38+00:00

Japan and the United States will strengthen cooperation in energy investment, critical minerals, and deep-sea mining. Japan plans to conduct a second round of investment in the US, including the construction of small modular reactors and natural gas power generation facilities in multiple states.

WealthCoffee

2026-03-21 07:14:38

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Caixin: Japan and the U.S. are once again strengthening cooperation in the energy sector, focusing on energy investment, critical minerals, and deep-sea mining.

On March 19 local time, U.S. President Trump and visiting Japanese Prime Minister Sanae Sato held a summit at the White House. After the meeting, both sides issued a joint statement, stating that Japan and the U.S. will enhance cooperation in three major areas: energy investment, critical minerals, and deep-sea mining.

Japan will make a second round of investments in the U.S., including a $40 billion joint venture between GE Vernova and Hitachi in Tennessee and Alabama to build small modular reactors (SMRs), and a $33 billion investment in Pennsylvania and Texas to develop natural gas power plants.

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