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Tokyo and New York, NY – Mizuho Financial Group, Inc. offers its deepest condolences to those affected by the wildfires in and around Los Angeles, California, especially to the families who have lost loved ones. We also express our sincere gratitude to those providing support on the ground and aid for those in the area. Mizuho Financial Group is donating JPY 10 million, and its employee-supported fund is contributing JPY 1 million, to assist in humanitarian relief efforts.   In addition, Mizuho Americas is donating USD 250,000 to the Los Angeles Regional Food Bank, and, as part of its Matching Gifts Program, providing a dollar-for-dollar match of individual employee donations to eligible nonprofits responding to the disaster. We hope the funds will help the swift recovery of Los Angeles over the months to come.  

  Project Flow   As a leading bank in electricity transmission financing, Mizuho acted as loan Bookrunner and IRS/RPI swap provider in a £2.2 billion long-term project financing deal. The financing will support a consortium of Meridiam, Kansai Electric and Allianz Capital Partners to develop a 720km subsea electricity interconnector project between the UK and Germany that will be used to transmit affordable and secure sustainable energy. Interconnectors  have become indispensable in enabling countries to enhance their use of intermittent clean energy resources through shared access to energy networks that help to balance supply and demand of clean energy sources and support security of supply. Challenge Interconnectors play a vital role in the transition to green energy. These electrical highways of the sea are growing in strategic importance globally, with the EU targeting 15% interconnection by 2030 as part of its Climate and Energy Targets. The NeuConne...

Mizuho Financial Group, Inc. (President & Group CEO: Masahiro Kihara) has bought a stake in US firm Zap Energy (President: Benj Conway), a company developing fusion power and related technology. The investment was carried out through Mizuho's specialist investment subsidiary Mizuho Innovation Frontier Co., Ltd. (President & CEO: Junichi Ikeda). Investment purpose In pursuing carbon neutrality, it is important to create new demand and markets in the decarbonization area, while also progressing in areas such as the global clean energy transition. In fusion power generation, a colossal amount of energy is created by the fusion of light atomic nuclei to produce heavier ones. This power generation method is a potential game changer for the clean energy transition, as greenhouse gases are not emitted and it is a sustainable energy source. Mizuho has deepened its understanding of related technology and industry trends, releasing a report entitled Recent Trends Surrounding Fusion E...

Mizuho Bank, Ltd. (President & CEO: Masahiko Kato) has made an investment of USD 3.5 million in 3DEO, Inc. (Head Office: California, USA), a company engaged in the development of metal 3D printers, the design and development of functional metal parts, and the contract manufacturing of metal parts. This investment was carried out through Mizuho Bank's Transition Investment Facility. 3DEO, founded in 2016, is a startup based in California that offers comprehensive services for the design and manufacturing of metal parts in small to medium lots, using its proprietary production process technology, “Intelligent Layering”. The company aims to expand the applications for its high-precision metal parts, which are manufactured using metal 3D printers developed in-house, and its innovative metal parts, which are based on its extensive expertise in design for additive manufacturing (DfAM),2 into a wide range of areas, such as aerospace, medical and healthcare, and semiconductors. In Japa...