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Five Japanese N-Equipment Firms Get Fiscal Support

Five companies have been selected for support under a Japanese scheme to help high-tech heavy nuclear manufacturing….

Nuclear energy would grow in response to climate change and the need for a stable energy supply, the Japanese government said recently in its announcement, explaining that it would be acting to financially support research and development of major nuclear equipment. This strategic move is meant to further strengthen Japan’s national capabilities in nuclear energy.

The Ministry of Economy Trade and Industry picked just five projects for support after a public invitation that ran for 20 days up to the start of July. It did not detail exactly how it would support the projects, but announced the lucky companies and their project areas:

Japan Steel Works is already in the process of tripling its capacity for supplying reactor main components to 12 sets per year by 2012.