Kyoto Fusioneering wins an order from Quaise Energy to supply a gyrotron system for millimeter-wave drilling aimed at superhot geothermal energy. It is Kyoto Fusioneering’s first plasma-heating order for a customer outside of the fusion sector, according to the company.
Kyoto Fusioneering commits up to £3 million in strategic investment to the United Kingdom fusion sector. The funding supports a lithium-oxide solid breeder-blanket experiment and irradiation testing.
Kyoto Fusioneering completes the first close of its Series D round, raising JPY 16.72 billion in equity and securing access to a further JPY 9.0 billion in credit and loan facilities. The company will use the capital to accelerate its UNITY program, bringing the round’s stated total to JPY 25.72 billion.
Kyoto Fusioneering moves its United States headquarters to Oak Ridge, Tennessee, and launches the UNITY-3 breeding-blanket facility with Oak Ridge National Laboratory. The project is supported by Department of Energy funding and the Tennessee Nuclear Energy Supply Chain Investment Fund.
