Blue Laser Fusion, a US-based nuclear fusion startup, has drawn significant investment from Itochu, a trading house, and SoftBank, a telecom company. The venture is led by Shuji Nakamura, the recipient of the 2014 Nobel Prize in Physics, who is credited with the development of the blue light-emitting diode. The startup is focusing on the development of a system for stable power generation using proprietary laser technology.
These reputed firms, Itochu and SoftBank, represent the first strategic investors from the private sector in Japan to put their money behind Blue Laser Fusion (BLF). The mission of BLF is to make its technology commercially viable around 2030.
This investment in nuclear fusion technology is a significant development in the energy sector, acknowledging the potential of fusion power as a future energy source. Nuclear fusion promises virtually limitless, clean energy by harnessing the same reactions that fuel the sun and stars.
Source: U.S. nuclear fusion startup draws investment from Itochu, SoftBank.
