Philippines and US-based Nuclear Technology Company Discuss Potential Collaboration in Energy Sector

📆 4/12/2024 5:52 PM
📰 BusinessMirror

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Philippines,US,Nuclear Technology

The Philippines met with US-based nuclear technology company, Ultra Safe Nuclear Corporation (USNC), to explore potential collaboration in the energy sector. USNC expressed its commitment to investing in micro modular reactors and power generation projects in the Philippines, with the aim of making the country its first nuclear energy facility in Southeast Asia.

To secure $100 million worth of investments from the Philippines-Japan-US trilateral meeting, the Philippines met with a US-based vertical integrator of nuclear technologies and services for a potential collaboration in the energy sector.

The US-based firm also envisions making the country its first nuclear energy facility in Southeast Asia and expressed its support for current efforts to provide a sufficient supply of energy throughout the country while utilizing clean and renewable energy sources in the future. From the Philippine side, the attendees were House Speaker Ferdinand Martin Romualdez, Department of Energy Secretary Raphael Lotilla, and Department of Trade and Industry Secretary Alfredo Pascual.

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