The Trump administration announced Monday it had secured more than $56 billion in investments and nonbinding pledges to support U.S. energy projects during its weekend summit in Tokyo, including a deal to supply boilers to what would be the first new coal power plant in the U.S. in over a decade.
Asian governments and companies from 17 countries agreed to invest in a range of energy technologies across nearly two dozen deals struck at the summit, including coal, natural gas, nuclear energy, critical minerals and battery manufacturing, according to an Interior Department fact sheet.
South Korea’s Hyundai Heavy Industries Power Systems signed an agreement in principle to supply $1 billion in boilers for the Terra Energy Center, a proposed 1.25-gigawatt coal power plant in southeast Alaska, the Interior Department said.
The deal would mark the first order of utility-scale boilers for a coal plant since 2006. The Terra Energy Center, being developed by Flatlands Energy, would also be the first new coal plant to open in the U.S. since the Sandy Creek Energy Station in Texas in 2013.
