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Trump Unveils $33 Billion Ohio Gas Plant Deal

2/20/2026

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Story summary
  • U.S. President Donald Trump announced a $33 billion deal with Japan to build a 9.2 gigawatt natural gas power plant in Ohio.
  • The project involves SoftBank and Panasonic, but there are no binding commitments from suppliers and no local regulatory approval.
  • Financing is expected from the Japan Bank for International Cooperation and major Japanese banks, as part of a broader $550 billion investment plan, though details remain unclear.