Business : Helical Fusion Raises About US$20.6 Mln In Series B Second Close

Key points

• The round marks another expansion of the industrial coalition forming around Helical Fusion’s Helix Program, with Japanese electrical and industrial equipment manufacturer Fuji Electric Co Ltd joining as an investor and Official Partner of the Helix Program.
• In a statement, Helical Fusion said Fuji Electric’s participation represents a significant expansion of the industrial capabilities being brought into the Helix Program.
• The new capital will accelerate the Helix Program, Helical Fusion’s development roadmap towards integrated demonstration with Helix HARUKA and subsequent net-electricity generation with Helix KANATA, its first fusion power plant, in the 2030s.

Sentences selected automatically from the original article by Bernama.