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.)