Summary:
- Tokyo-based private fusion energy developer, Helical Fusion, raised USD15M in Series A funding.
- The company plans to use the funds to expand operations and development efforts.
- Helical Fusion focuses on a fusion reactor based on the stellarator design for stable, continuous plasma operation.
Article:
Helical Fusion, a Tokyo-based private fusion energy developer, recently secured USD15M in Series A funding. The funding round saw participation from SBI Investment, Keio Innovation Initiative (KII), and 17 other institutions, as well as individual investors and public financial institutions. This capital injection will enable Helical Fusion to expand its operations and further its development efforts.Founded in 2021 as a spin-off startup from the National Institute for Fusion Science (NIFS) in Japan, Helical Fusion specializes in a fusion reactor based on the stellarator design. This magnetic confinement approach allows for inherently stable and continuous plasma operation. The company is currently involved in 14 collaborative research projects, including areas such as high-temperature superconducting magnets, blankets, heating systems, and power generation systems.
At the forefront of Helical Fusion’s endeavors is the Helix Program, which includes Helix KANATA, a full-scale pilot plant designed for steady-state, net-electric fusion power. Preceding this is Helix HARUKA, an intermediate device for component and system validation. The program aims for continuous operation, net electricity generation, and high maintainability for efficient maintenance and uptime.
Helical Fusion is actively collaborating with industrial partners to bring its concepts to reality through technical partnerships, research agreements, and engineering collaborations. The recent Series A funding round brought the company’s total amount raised to $35M. Stay tuned for more updates on Helical Fusion’s innovative fusion energy developments.
This unique article provides insights into Helical Fusion’s recent funding milestone and its ongoing efforts in the field of fusion energy development. Readers can gain a better understanding of the company’s focus on stable plasma operation and its ambitious goals for the future.
