Zeon Corporation (Zeon; head office: Chiyoda-ku, Tokyo; President and CEO: Tetsuya Toyoshima), through its venture capital arm Zeon Ventures Inc. (California, U.S.A.; representative: Yoshihiro Kagawa), has invested in Type One Energy Group, Inc. (Type One Energy), a U.S. startup that develops stellarator fusion devices*1 that use high-temperature superconducting magnets.

Enabled by ongoing technology advances in supercomputing, high temperature superconductors, and additive manufacturing, Type One’s innovative stellarator approach uniquely delivers stable, steady-state operations in a maintainable fusion power plant, while delivering inherently safe, limitless, and cost-effective power within a decade.

Aiming to accelerate the transition to a sustainable society, Zeon is currently evaluating additional support for Type One Energy’s stellarator device by delivering and developing new materials. We will also explore business opportunities in the fusion power industry, which has the potential to resolve numerous energy-related issues.

Outline of Type One Energy
Company Name: Type One Energy Group, Inc.
Business: Development of stellarator fusion devices using high-temperature　superconducting magnets
Representative: Christofer M. Mowry
Address: 2410 Cherahala Blvd. Knoxville, Tennessee 37931
URL: https://typeoneenergy.com/

Outline of Zeon Ventures
Company Name: Zeon Ventures Inc.
Business: Investment in startup companies and other activities
Representative: Yoshihiro Kagawa
Address: 25 Metro Drive, Suite 238, San Jose, California 95110
Investment Scale: US$50 million
URL: https://www.zeon.ventures/

*1 Devices that generate power from nuclear fusion by using magnetic fields driven solely by external magnets to confine the plasma required for power generation. This method offers excellent energy efficiency and ease of operation in steady-state conditions. Wendelstein 7-X, an experimental fusion reactor in Germany, uses a stellarator fusion device to generate power.

*2 CASE: Connected, Autonomous, Shared & Services, and Electric; MaaS: Mobility as a Service

Zeon is committed to contributing to a sustainable society and providing indispensable products and services by investing in and nurturing startups in four key areas (healthcare and life sciences, CASE and MaaS*2, telecommunications (5G/6G), and energy conservation) and ultimately realizing a sustainable Earth and safe and comfortable life for people.

For more information, contact:
Department of Corporate Communications, Corporate Sustainability Division, Zeon Corporation
Phone: +81-3-3216-2747