Japan’s IHI takes on Korean rival for overseas nuclear deals

Japan’s IHI is competing with a South Korean rival to win overseas contracts for nuclear power equipment, as global demand for nuclear energy grows. The company is seeking deals abroad to expand its nuclear business. Its Korean competitor is pursuing the same international customers. Both firms are targeting countries that plan to build or upgrade nuclear plants. The competition highlights rising global interest in nuclear power as a source of stable, low-carbon electricity. IHI has not disclosed which specific contracts it is pursuing or the value of any potential deals.