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Japan Selects Four Companies for Fusion Power Program

Japan's Ministry of Economy, Trade and Industry (METI) has conditionally selected EX-Fusion, Helical Fusion, Linea Innovation, and Starlight Engine to participate in a fusion program targeting reactor operation in the 2030s. The program will provide approximately $370 million, equivalent to around €318 million, in subsidies to selected projects by the end of February 2029. Specific funding allocations are still subject to formal grant decisions. The support corresponds to commitments in Japan's 2023 fusion strategy, which sets out the goal of achieving fusion power in the 2030s...

2026-09-07

Japan's Helical Fusion Technology Selected as Candidate for METI's Fusion Demonstration Program

Helical Fusion Co., Ltd. has recently been selected as a final candidate for the fusion power demonstration project support program by Japan's Ministry of Economy, Trade and Industry (METI). The program aims to align with Japan's national fusion strategy, advancing fusion energy into the demonstration phase by the 2030s and building the technical foundation for subsequent commercialization. The left image shows Helix HARUKA, Helical Fusion's integrated demonstration device; the right image shows Helix KANATA, Helical Fusion's fusion test plant. Under the current arrangement, the program will provide approximately 60 billion yen in government funding over three years through 2028, supporting private-sector R&D across multiple fusion technology...

2026-09-01

Japan's Kyoto Fusioneering Secures Series D Funding Led by Korea-Japan Fusion Fund

IMM Investment Japan (IMMJ) announced on September 1 that it has led the Series D funding round for Kyoto Fusioneering, a Japanese fusion energy company. The investment was made through the Korea-Japan Fusion Fund, established jointly by Korean and Japanese investors. The fund, initiated by IMMJ, is positioned as a cross-border project fund designed to connect the capital and industrial networks of major Korean corporations with Japan's cutting-edge technology companies. Investors participating in the fund include POSCO Holdings, POSCO International, Doosan, Hyundai Motor, and GS...

2026-09-01

Japan to Build Fusion Tritium Fuel Research Base in Aomori Prefecture

Japan's Ministry of Education, Culture, Sports, Science and Technology (MEXT) has decided to establish a new fusion power generation research base in Aomori Prefecture, focusing on tritium fuel handling technology. The base will target the development needs of fusion demonstration projects in the 2030s, promoting joint research and development among industry, government, and academia. MEXT plans to include approximately 100 billion yen in fusion development-related funding in its budget request for the next fiscal year. Fusion power generation releases energy through the fusion reaction of deuterium and tritium nuclei, a principle similar to the energy generation process inside the sun. Unlike traditional nuclear power that relies on nuclear fission chain reactions, fusion reactions carry a lower risk of runaway, leading many countries to view it as an important direction for future energy technology...

2026-08-28

Kyoto Fusioneering Completes 25.72 Billion Yen Series D Funding Round

Japanese fusion startup Kyoto Fusioneering announced on August 24 that it has completed the first closing of its Series D funding round, with total financing of 25.72 billion yen. Of this amount, equity financing totaled 16.72 billion yen and debt financing totaled 9 billion yen, with the debt portion comprising credit lines and loan facilities. With this, the company's cumulative equity financing has reached 32.98 billion yen. Following this funding round, Kyoto Fusioneering is valued at approximately 120 billion yen, a significant increase from its pre-funding valuation, making it the first startup in Japan's fusion sector to exceed a valuation of 100 billion yen. The company has previously secured contracts exceeding 14 billion yen cumulatively in markets such as North America and Europe, and has set a short-term sales target of approximately 10 billion yen.

2026-08-24