Wedoany.com Report-Sept. 3, Mitsubishi Corporation has announced its investment in Commonwealth Fusion Systems (CFS), a U.S.-based fusion energy startup originating from the Massachusetts Institute of Technology (MIT). The investment, part of a third-party share allotment, involves a consortium of 12 Japanese companies and supports Japan’s ambition to advance fusion energy development by the 2030s, as outlined in its recently updated Fusion Energy Innovation Strategy.

CFS has a PPA in place with Google for 200MW of electricity from the pending ARC power plant.

The collaboration with CFS aims to enhance expertise in fusion energy, covering policy, regulation, and the development and operation of CFS’s ARC power plant. Each consortium member will contribute specialized knowledge to accelerate the commercialization of fusion energy in Japan. A Mitsubishi spokesperson stated: “This investment is a strategic step to gain advanced knowledge in fusion energy, aiming to contribute to decarbonization and a stable energy supply.”

CFS, an MIT spin-off, utilizes a tokamak magnetic confinement system and is working to build the world’s first commercial fusion power plant, named ARC, in Virginia. The plant is expected to generate electricity by the early 2030s. CFS has secured a 200MW power purchase agreement with Google for the ARC facility, marking a significant step toward commercial viability.

The partnership aligns with joint efforts between Japan and the U.S. to expedite fusion energy development, supporting sustainable energy goals. Recently, CFS raised $863 million in a Series B2 funding round, advancing its work on the SPARC fusion demonstration machine. A CFS representative noted: “This funding will aid in completing the company’s SPARC fusion demonstration machine,” highlighting progress toward commercial fusion energy.

The investment reflects Japan’s commitment to fostering clean energy technologies and strengthening its energy infrastructure. By partnering with CFS, Mitsubishi and the consortium aim to position Japan as a leader in fusion energy, contributing to global decarbonization efforts and ensuring a reliable, sustainable energy future.