Japanese Reactor Makers See Boost from Global Nuclear Resurgence

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Japanese Reactor Makers See Boost from Global Nuclear Resurgence

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Japanese nuclear reactor manufacturers, including Mitsubishi Heavy Industries (MHI), Hitachi, and IHI Corporation, are anticipating a significant boost in sales driven by a global resurgence in nuclear power. This renewed interest stems from domestic reactor restarts in Japan, substantial investments in the United States, and reversals of nuclear phase-out policies in Europe.

MHI’s nuclear power unit is projected to achieve record sales of 400 billion yen ($2.54 billion) in the next business year, exceeding its previous target of reaching this figure by 2030. The company plans to increase its reactor-making workforce by approximately 10% as orders grow. Since the 2011 Fukushima Daiichi accident, Japan has restarted 15 of its 33 operable reactors, with the government aiming for nuclear power to contribute 20-22% of the country’s electricity generation by 2030 to reduce reliance on imported fossil fuels. [cite:

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