IT'LL NEVER FLY, ORVILLE:

Kyoto Fusioneering is raising big new money from domestic venture capital funds, banks and energy, engineering and trading companies, the latest indication that nuclear fusion energy ventures are becoming increasingly investible in Japan.

On May 17, Kyoto Fusioneering announced its 10.5 billion yen (US$75 million) Series C funding round had been oversubscribed, marking a repeat of its Series B fund-raising in February 2022.

The nation's most prominent nuclear fusion technology developer has now raised 12.2 billion yen ($87 million) since it was spun out of Kyoto University in October 2019.

Kyoto Fusioneering's management says it plans to use the new capital to hire more engineers, accelerate the development of fusion reactor materials and key components, develop its power plant engineering capability and continue its expansion in the UK and US.

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