EX-Fusion Raises JPY 130 Mn in Pre-Seed Round to Develop Critical Components for Nuclear Fusion
EX-Fusion Inc., the first startup in Japan aimed at commercializing laser based fusion energy, announced that it has closed a pre-seed round funding of 130 million Japanese yen.
April 18, 2022. By News Bureau
EX-Fusion Inc., the first startup in Japan aimed at commercializing laser based fusion energy, announced that it has closed a pre-seed round funding of 130 million Japanese yen.
The pre-seed round was led by ANRI, a Tokyo based venture capital firm, along with Osaka University Venture Capital (OUVC) and was the first company funded within ANRI's latest ESG specific fund.
The funding enables EX-Fusion to accelerate the development of the continuous target supply system (CTSS) and the laser target tracking system (LTTS), both fundamental systems for the commercialization of laser powered nuclear fusion reactors.
By combining the two systems, EX-Fusion aims to demonstrate the feasibility of high frequency repetition laser plasma experiments using high power pulse lasers and to demonstrate the ability to continuously generate neutrons in sequential laser fusion reactions.
EX-Fusion was co-founded between Kazuki Matsuo, postdoctoral research fellow at University of California San Diego, Shinsuke Fujioka, professor at the Institute of Laser Engineering at Osaka University, and Yoshitaka Mori, associate professor at the Graduate School for the Creation of New Photonics Industries.
"We believe that nuclear fusion is the solution for meeting our global energy needs and helping the world reach carbon neutrality by 2050," said Matsuo. "And by focusing our research and development around the fundamental technology related to commercial operation of laser-based nuclear fusion, we can achieve safe and affordable clean energy faster. This initial funding will kick start our efforts to build the two systems, continuous target supply system and laser target tracking system, which will prove that continuous target injection as well as laser targeting can be achieved at or above 10Hz."
please contact: contact@energetica-india.net.