Japanese Firms Back U.S. Fusion Venture

TOKYO, Aug 29 (News On Japan) - A consortium of 12 Japanese companies, including Mitsui & Co., Mitsubishi Corporation, and Sumitomo Mitsui Trust Bank, has invested in U.S. startup Commonwealth Fusion Systems, which is working to commercialize fusion power. The investment is believed to total several billion yen.

Through the stake, the group aims to learn about the latest technologies and the challenges to bringing fusion power into practical use.

Commonwealth Fusion Systems is regarded as one of the most highly funded fusion-energy startups and is targeting practical deployment in the early 2030s.

Source: テレ東BIZ

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