Launch of the “Portsmouth Consortium” under the U.S.-Japan Strategic Trade and Investment Agreement
Leading Japanese and U.S. companies – including major suppliers and financial institutions – today announced the launch of the “Portsmouth Consortium” (the “Consortium”) with the aim of participating in the large-scale power generation and AI infrastructure development project at the Department of Energy Portsmouth Site in Piketon, Ohio, under the U.S.-Japan Strategic Trade and Investment Agreement.
Through the participation of Japanese and U.S. companies in the 9.2 GW Portsmouth Powered Land Project, the largest natural gas generation projects in the world announced by the U.S. government on February 17, the Consortium will seek to maximize business opportunities.
Companies and Financial Institutions Expressing Intent to Participate
(Listed in alphabetical order)
The following 21 companies have expressed their intention to participate.
<Japan>
Fujikura Ltd.
Hitachi, Ltd.
Mitsubishi Electric Corporation
Mizuho Bank, Ltd.
MUFG Bank, Ltd.
Murata Manufacturing Co., Ltd.
Panasonic Holdings Corporation
SoftBank Group Corp.
Sumitomo Electric Industries, Ltd.
Sumitomo Mitsui Banking Corporation
TDK Corporation
Toshiba Corporation
<United States>
Bechtel Global Corporation
Carrier Global Corporation
Citi
GE Vernova, Inc.
Goldman Sachs
J.P. Morgan
Kiewit Corporation
Kinder Morgan, Inc.
Morgan Stanley
Overview of the Consortium
| Name | Portsmouth Consortium |
|---|---|
| Launch Date | March 21, 2026 |
| Purpose | To participate in the large-scale power generation and AI infrastructure construction project in Portsmouth, designated under the U.S.-Japan Strategic Trade and Investment Agreement, and to maximize business opportunities. |
| Secretariat | SoftBank Group Corp. |
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