Osaka Gas Weighs Investments and Operations in US Power Plants
(Bloomberg) -- Osaka Gas Co. is considering investing in or operating as many as five gas-fired power plants in the US, according to a spokesperson for the Japanese utility.
The company is exploring possible locations including Texas, Virginia and the northeastern US, the spokesperson said on Friday, confirming an earlier report by the Nikkei newspaper. No final decision has been made, the spokesperson added.
Artificial intelligence and the data centers behind it are driving a surge in US power demand, with tech firms turning increasingly to gas-powered facilities as a stable source of electricity. Osaka Gas President Masataka Fujiwara said in an interview in November that the company is targeting more investment in such plants in the US.
The US and Japan are also planning to build a $33 billion gas-fired power plant in Ohio as part of a trade deal between the two nations. At least 13 Japanese firms, including SoftBank Group Corp., are tied to that project.
The latest initiative by Osaka Gas is separate from the trade deal, the spokesperson said.
©2026 Bloomberg L.P.
