US Launches $191.4B Energy Buildout With Korean Firms as Key Beneficiaries

The US announced three energy investment programs worth 260 trillion won ($191.4 billion), including 8 nuclear plants, a Texas gas plant and the Alaska LNG pipeline. Korean firms Doosan Enerbility, SeAH Steel, Hyundai Steel and POSCO International were named key beneficiaries.

• 8 nuclear plants to receive $120 billion: 2 APR1400 and 6 AP1000 reactors
• Doosan Enerbility could secure about 30 trillion won ($22.1 billion) in orders
• 6.3GW Encinal gas plant in Texas valued at $22.3 billion
• Alaska LNG pipeline to draw over $50 billion, Chinese steel excluded