Mizuho bank goes into nuclear fusion power with Zap Energy
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...