Chubu Electric to invest in NuScale

September 14, 2023, 9:30AMNuclear News

Chubu Electric Power Company, owner and operator of the three-unit Hamaoka nuclear power plant in Japan’s Shizuoka Prefecture, has entered into an agreement to acquire issued shares in U.S. small modular reactor firm NuScale Power from Japan Bank for International Cooperation (JBIC), the utility announced on September 7. (JBIC bills itself as a government-owned, policy-based financial institution that prioritizes investment in businesses that will protect the global environment.)

To continue reading, log in or create a free account!

Related Articles

Nuclear advocates push lawmakers in Texas

May 20, 2025, 7:01AMNuclear News

As state legislatures nationwide near the end of their spring sessions, nuclear advocates hope to spur momentum on Texas legislation that would provide taxpayer-funded grants to developers of...

Will Palisades be the “comeback kid”?

Historic nuclear plant restart could happen in 2025.

April 11, 2025, 3:03PMNuclear News

Mike Mlynarek believes in this expression: “In the end it will be OK; and if it’s not OK, it’s not the end.”As the site vice president at Palisades nuclear power plant in Covert...