JGC Holdings Corporation has invested in Commonwealth Fusion Systems as part of a Japanese consortium to support the commercialization of fusion energy generation.

Target Information

JGC Holdings Corporation (President and CEO Masayuki Sato) has announced that its domestic EPC subsidiary, JGC Corporation (President and Executive Officer Yasuharu Yamaguchi), has made an investment in Commonwealth Fusion Systems LLC (CFS), a U.S. company focused on the commercialization of fusion energy generation. This investment is part of a collaborative effort involving a Japanese consortium led by Mitsui & Co. and Mitsubishi Corporation, and signifies JGC's contribution via its U.S. subsidiary.

The Japanese consortium comprises 12 companies, including JGC, Mitsui & Co., Mitsubishi Corporation, Kansai Electric Power Company, JERA, MOL, the Development Bank of Japan, NTT, Fujikura, Sumitomo Mitsui Banking Corporation, Sumitomo Mitsui Trust Bank, and Mitsui Fudosan.

Industry Overview

Fusion energy generation is emerging as a promising next-generation energy source due to its potential to address energy demands while achieving a decarbonized society, as its process does not emit carbon dioxide. Howe