TOKYO—MOL PLUS (Representative: Takuya Sakamoto; Headquarters: Minato-ku, Tokyo) today announced investment in Kyoto Fusioneering Ltd. (Representative: Taka Nagao; Headquarters: Chiyoda-ku, Tokyo), a leading fusion power plant engineering company focuses on the research and development of essential equipment and systems for fusion reactor peripherals and power plants.
Kyoto Fusioneering is working toward the industrialization of fusion energy, in collaboration with companies and research institutes that aim to realize fusion reactors and fusion energy (Note 1), as a way to provide a safe, steady, and environmentally friendly next-generation energy supply. The company also works closely with various parties to establish a domestic and international supply chain network for fusion energy equipment and components.
MOL PLUS is pleased to participate in the financing with the expectation that Kyoto Fusioneering’s initiatives will make a significant contribution to the adoption of fusion energy solutions. In the future, MOL Group will contribute, from the standpoint of the ocean shipping industry, to meet transport needs that arise in the nuclear fusion energy use process and in the development of offshore business.
MOL PLUS continually works to generate synergetic effects based on startup companies’ innovative ideas and technologies and MOL Group’s resources through investment in and collaboration with startups, aiming to create new businesses PLUS new value to the ocean shipping industry and society.
(Note 1) Fusion is a fundamentally different technology from nuclear power, in which hydrogen atoms combine with each other at extreme temperatures and pressures, releasing enormous amounts of energy. In addition, this energy is virtually inexhaustible because it can extract fuel from seawater, and it does not emit greenhouse gases, so it has the potential to fundamentally solve energy and environmental problems.
＜About Kyoto Fusioneering Ltd.＞
Established in 2019, Kyoto Fusioneering is a privately-funded technology startup with facilities in Tokyo, Kyoto, Reading (UK), and Seattle (USA). The company specializes in developing state-of-the-art technologies for commercial fusion reactors, including gyrotron systems, tritium fuel cycle technologies, and breeding blankets for tritium production and power generation. Kyoto Fusioneering collaborates with public and private fusion developers globally, striving to establish fusion as the ultimate energy source for humanity.
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