Associated tags: Breeding, Lithium, Kyoto University, Deuterium, KF, Renewable energy, ITER, Government, Research, Electricity, Carbon, Seawater, Engineering, Plasma, Tritium
Locations: USA, TOKYO, READING
Retrieved on:
Wednesday, October 11, 2023
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3D printing RICHMOND, British Columbia and TOKYO, Oct. 11, 2023 (GLOBE NEWSWIRE) -- Today, General Fusion and Kyoto Fusioneering announced a Memorandum of Understanding (MOU) to accelerate the commercialization of General Fusion’s proprietary Magnetized Target Fusion (MTF) technology, aiming for grid integration in the early to mid-2030s.
Key Points:
- RICHMOND, British Columbia and TOKYO, Oct. 11, 2023 (GLOBE NEWSWIRE) -- Today, General Fusion and Kyoto Fusioneering announced a Memorandum of Understanding (MOU) to accelerate the commercialization of General Fusion’s proprietary Magnetized Target Fusion (MTF) technology, aiming for grid integration in the early to mid-2030s.
- Tritium, a hydrogen isotope and key fusion fuel, does not occur naturally and must be produced or “bred” in the fusion process.
- Kyoto Fusioneering specializes in fusion power plant systems that complement the plasma confinement core, are applicable to various fusion confinement concepts, such as MTF, and are on the critical path for fusion commercialization.
- “Harnessing the unique technological and engineering expertise of Kyoto Fusioneering will be instrumental as we translate LM26’s groundbreaking results into the world’s first Magnetized Target Fusion power plant.”
"We're thrilled to join forces with General Fusion.
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Renewable energy Its establishment in 2019 was based on decades of fusion research and development by Kyoto University.
Key Points:
- Its establishment in 2019 was based on decades of fusion research and development by Kyoto University.
- KF specializes in key components and integrated systems that are required in order to build fusion reactors and fusion power plants.
- KF's strategic aim is to build a fusion energy supply chain by leveraging Japan's leading manufacturing capabilities.
- (Based on the provisional translation of "Fusion Energy Innovation Strategy" adopted by Japan's Integrated Innovation Strategy Promotion Council on April 14, 2023)
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Lithium A world first, this facility, named UNITY: Unique Integrated Testing Facility, is on a path to demonstrate electricity generation using fusion relevant technologies in 2024.
Key Points:
- A world first, this facility, named UNITY: Unique Integrated Testing Facility, is on a path to demonstrate electricity generation using fusion relevant technologies in 2024.
- UNITY has a pioneering design that can test both the heat extraction and fuel cycle systems required for fusion power plants in a single facility.
- To further strengthen our position in the fusion engineering domain, KF has decided to construct UNITY, the world's first integrated testing facility for fusion power plant components.
- UNITY will enable integrated testing of a suite of energy conversion equipment in a fusion power plant without the use of nuclear reactions by engineeringly simulating the thermal and magnetic environment within a fusion power core.
Retrieved on:
Wednesday, February 2, 2022
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Management KYOTO, Japan, Feb. 02, 2022 (GLOBE NEWSWIRE) -- Kyoto Fusioneering, the first fusion energy startup in Asia and Japan, has raised 1.33 billion yen (US$ 11.7 million) in its latest round of funding. The oversubscribed series B funding round was supported by existing investors, Coral Capital Co., and underwritten by five new investors from some of Japan's top VC firms (in alphabetical order): Daiwa Corporate Investment, DBJ Capital, JAFCO Group, JGC MIRAI Innovation Fund and JIC Venture Growth Investments. This capital increase brings the total amount of funds raised by Kyoto Fusioneering Ltd. to 1.67 billion yen (US$ 14.7 million).
Key Points:
- Kyoto Fusioneering Ltd - a fusion reactor technology company, based in Kyoto, Japan - has raised a total of US$18.6M in Series B funding and debt financing.
- KYOTO, Japan, Feb. 02, 2022 (GLOBE NEWSWIRE) -- Kyoto Fusioneering, the first fusion energy startup in Asia and Japan, has raised 1.33 billion yen (US$ 11.7 million) in its latest round of funding.
- This capital increase brings the total amount of funds raised by Kyoto Fusioneering Ltd. to 1.67 billion yen (US$ 14.7 million).
- Were excited to back Kyoto Fusioneering once again, and to see their incredible progress toward building out a fusion energy future.
