Japan’s Helical Fusion secures $5.5m series A extension
The extension brings Helical Fusion’s series A funding, including loans, up to US$21 million, and total cumulative fundraising to US$38 million.
The extension brings Helical Fusion’s series A funding, including loans, up to US$21 million, and total cumulative fundraising to US$38 million.
Helical Fusion inks new power purchase agreement (PPA) with Aoki Super Co., Ltd., a major regional supermarket chain in central Japan.
On November 4th, Japan’s recently elected Prime Minister, Sanae Takaichi, designated fusion energy as one of 17 strategic fields for the country. This designation will “advance a growth strategy” for the sector, and is aimed to enhance supply capacity.
Japanese Prime Minister Sanae Takaichi designated fusion as one of 17 strategic sectors to target for economic growth through public-private partnerships.
Helical Fusion has achieved a key milestone in the development of special electromagnets, crucial to the deployment of magnetic confinement fusion.
The Japan Fusion Energy Council, “J-Fusion,” has published a “White Paper on the Regulation and Safety of Fusion Energy.” The paper provides a well-considered approach to regulating fusion in Japan, with the core conclusion that fusion’s safety profile is fundamentally distinct from that of fission, and that its regulation should be risk-informed, proportionate, and grounded in scientific evidence. The paper gives a broad history and overview of fusion regulatory considerations around the world.
Investors supporting this funding include SBI Investment and Keio Investment Initiative.
Japan-based Helical Fusion Company has announced the closure of its Series A funding round.
The Japanese fusion industry council “J-Fusion” has released a white paper detailing fusion energy and the need for specific regulations for the country.
Japan and the UK will collaborate on fusion to achieve viable demonstration by the 2030s, combining the UK’s remote-controlled robot technology with Japan’s manufacturing capabilities.