Through the JGC Mirai Innovation Fund, a corporate venture capital fund jointly managed with JGC Japan Corporation, JGC Holdings Corporation has made an additional investment in Kyoto Fusioneering Ltd., which maintains advanced technology in the field of nuclear fusion.

Nuclear fusion does not emit carbon dioxide when power is generated, making it a promising potential next-gen energy source for meeting energy demand while supporting a net-zero society.

Building on Kyoto University's extensive experience and technology in fusion reactor engineering, Kyoto Fusioneering boasts advanced and sophisticated expertise in plant engineering - in particular, for heating, heat extraction, and other equipment. The company has earned a reputation as a global pioneer in fusion reactor engineering, making steady progress by signing a collaboration agreement with the United Kingdom Atomic Energy Authority (UKAEA) to develop fusion technologies, participating in the UKAEA STEP program, and signing a memorandum of understanding with Canadian Nuclear Laboratories (CNL) on joint research.

For the JGC Group, CVC fund investment themes include carbon neutrality, sustainable and resilient infrastructure, better QoL in an era of centenarians, and smart industrial transformation. These themes guide group investment in domestic and foreign startups with innovative technologies and business models that contribute to the creation of safe, secure, and sustainable social systems.

The JGC Group initially announced Kyoto Fusioneering investment through the CVC fund in February 2022, and in the company's recent funding round, JGC made an additional investment through the CVC fund in consideration of the great potential of Kyoto Fusioneering technology. Through the additional investment, the JGC Group will help fusion research facilities take shape by integrating the engineering technology that the Group has cultivated to date in nuclear fields (such as fusion as well as treatment of low-level radioactive waste) with the technology of Kyoto Fusioneering and by further strengthening our mutual collaboration.

The JGC Group will continue to invest in startups with innovative technologies and business models that will contribute to building a safe, secure, and sustainable future.

For reference: JGC Holdings press release, February 2022

Investment Through the CVC Fund in Nuclear Fusion Advanced Technology Company Kyoto Fusioneering

https://www.jgc.com/en/news/2022/20220202.html

Kyoto Fusioneering

JGC Mirai Innovation Fund

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