Mitsubishi Corp., others make $73.6m bet on fusion power in Japan

Consortium will invest in Tokyo-based startup, aim for early commercialization

Kyoto Fusioneering uses plasma-heating components called gyrotrons, and the company is a world leader in their development. (Photo courtesy of the company)

KENJIRO SUZUKI, TOMOYA ONISHI and TAKURO KUSASHIO, Nikkei staff writers

May 16, 2023 17:00 JST

Updated on May 16, 2023 18:09 JST

TOKYO -- A consortium of public- and private-sector groups in Japan will invest in a startup working to commercialize fusion power, a next-generation energy source. Sixteen companies, including Mitsubishi Corp., Kansai Electric Power Co., and a government-affiliated fund will invest around 10 billion yen ($73.6 million) in the startup born at Kyoto University, Nikkei has learned.