Nuclear fusion startup lures Japanese investors in global push

Kyoto Fusioneering seeks to partner with U.K., U.S. heavyweights after $17m financing

Nuclear fusion creates a large amount of energy and is considered less harmful to the environment than existing nuclear power plants. (Photo courtesy of Kyoto Fusioneering)

WATARU SUZUKI, Nikkei staff writer

February 2, 2022 12:01 JST

TOKYO -- Kyoto Fusioneering, a startup developing nuclear fusion technology, has raised 2 billion yen ($17.3 million) from Japanese investors and banks as it plans to take its supply chain global.

Nuclear fusion creates energy by making atoms collide at extreme temperatures, the same process that powers the sun. It creates a large amount of energy and is considered less harmful to the environment than existing nuclear power plants, which uses another process called fission that splits atoms.