Japan and Mississippi Just Sealed a $528 Million Deal — Here's What It Means for America's Power Grid

(L/R) Mississippi Governor Tate Reeves, Hitachi Energy CEO Andreas Schierenbeck, US Secretary of the Interior Doug Burgum, US Secretary of Energy Chris Wright and EPA Administrator Lee Zeldin show a signed agreement during a joint US-Japan announcement on investments in American manufacturing, during the second day of the G20 Ministerial Meeting on Energy Abundance in Houston, Texas on September 15, 2026. The discussions are slated to run through September 16 in Houston, in the oil-rich US state of Texas. The meetings gather delegations from the world's largest economies -- including China, India, Japan and Germany -- with major oil producers set to attend, such as Canada and Saudi Arabia. (Credit: Photo by RONALDO SCHEMIDT / AFP via Getty Images)

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• Hitachi Energy will invest $528 million in a power transformer plant in Gallman, Mississippi, projected to create more than 650 jobs.
• The agreement was signed September 15 in Houston as a joint U.S.-Japan announcement on investment in American manufacturing.
• Mississippi Governor Tate Reeves, Energy Secretary Chris Wright, Interior Secretary Doug Burgum, EPA Administrator Lee Zeldin and Hitachi Energy CEO Andreas Schierenbeck signed the agreement together.
• The project builds on the Japan-U.S. Strategic Investment Initiative, under which Hitachi had already pledged roughly $1 billion to expand U.S. transformer manufacturing.