Japan-Built Gas Plant Touted by Trump Would Be Largest in the US

bq3c5ynd6sllrh{fxfnvcl)o_media_dl_1.png US Energy Information AdministraArticle content(Bloomberg) — A massive, natural gas facility that US President Donald Trump said Japan plans to build in Ohio would be the largest in the US, with capacity to power millions of homes.Sign In or Create an AccountEmail AddressContinueor View more offersArticle contentJapan is expected to invest $33 billion in the project, which will be led by SoftBank Group Corp. subsidiary SB Energy, according to a US Commerce Department fact sheet outlining the investments. The site is expected to have capacity of 9.2 gigawatts, according to a statement from US Commerce Secretary Howard Lutnick on Tuesday.Article contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Article contentArticle contentThat’s akin to about nine traditional reactors and at full capacity could generate enough power to supply about 7.4 million homes on the largest US grid, which is operated by PJM Interconnection LLC. If built, the Ohio plant would be bigger than a 7.65-gigawatt gas project Pacifico Energy Group plans in Texas and also be one of the largest in the world — Dubai Electricity and Water Authority says its Jebel Ali facility is the biggest gas generator, at 9.547 gigawatts. Article contentTop StoriesGet the latest headlines, breaking news and columns.There was an error, please provide a valid email address.Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Article contentThe Trump administration is seeking to accelerate the construction of big power plants to tame skyrocketing power bills as electricity demand is boosted by data centers, factories and the overall electrification of the economy. However, gas plants have their own challenges — including the surging global cost of turbines and lengthening average lead times.Article contentJapanese companies including SoftBank, Toshiba Corp. and Hitachi Ltd. have expressed interest in participating in the US gas project, Trade Minister Ryosei Akazawa told reporters on Wednesday. Firms from Japan are already among the biggest foreign investors in US power plants and gas developments.Article contentThe announcement came as a surprise to PJM, which operates a grid that extends from New Washington to Chicago.Article content“PJM was not aware of the project but we are excited about its prospects due to the need for new supply to meet burgeoning data center/large load demand growth,” spokesman Daniel Lockwood said in an email.Article content—With assistance from Naureen S. Malik, Brian Eckhouse, Shoko Oda and Koh Yoshida.Article contentTrending Cooler inflation gives Bank of Canada an opening to cut rates if economy falters, say economists Economy Posthaste: Canada's biggest city is losing momentum, and that's a problem for the whole country News Taxing unrealized gains is a silly idea that Canada should ignore Personal Finance U.S. open to changing steel and aluminum tariffs, Greer says Commodities Santos to Cut Workforce by 10% After Slump in Annual Profit PMN Business Share this article in your social networkCommentsYou must be logged in to join the discussion or read more comments.Create an AccountSign in Join the Conversation Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information. Cooler inflation gives Bank of Canada an opening to cut rates if economy falters, say economists Economy Posthaste: Canada's biggest city is losing momentum, and that's a problem for the whole country News Taxing unrealized gains is a silly idea that Canada should ignore Personal Finance U.S. open to changing steel and aluminum tariffs, Greer says Commodities Santos to Cut Workforce by 10% After Slump in Annual Profit PMN Business