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Market Chatter: US to Tap Japan's $550 Billion Pledge for Nuclear Expansion

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The U.S. plans to use part of Japan's $550 billion investment commitment to build and expand nuclear plants, Nikkei Asia reported on Friday, citing Commerce Secretary Howard Lutnick.

Discussions are underway for Japan to invest up to $40 billion in GE Vernova and Hitachi's small modular reactors, and an additional $25 billion is being considered for NuScale Power, according to the report.

Total Japanese investment in U.S. nuclear projects could exceed $62 billion, with the first project expected in Tennessee, the publication said.

The Trump administration has already initiated approval procedures for small modular reactors, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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