A Historic New Natural Gas Plant Is Coming Soon To The USA

The United States of America and Japan are partnering up on a massive new natural gas plant. And a subsidiary of SoftBank is one of the major players.

What’s happening:

• SoftBank’s subsidiary SB Energy has been selected to develop and operate a 9.2 gigawatt natural gas power complex located near Portsmouth, Ohio
  

By the numbers:‍

• The new natural gas plant is expected to cost $33B USD to fully construct
  

Why it matters:‍

• The new natural gas plant would be the single largest gas power plant in the United States of America once operational
  

Going deeper:‍

• Both public and private capital from Japan will finance the construction of the new natural gas plant as part of a broader strategic partnership between the Japanese and United States governments
  
• Multiple large energy companies will also be involved in the new project as contractors including both Bechtel and GE Vernova (NYSE: GEV)
  

The fine print:‍

• The new natural gas plant is expected to take roughly a decade to build and bring into full production and will ultimately require environmental reviews and government permitting approvals prior to being able to begin construction

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