Starlight Engine secures equity backing from TAKANAWA GATEWAY fund
The TAKANAWA GATEWAY Earth Benefit Fund is backing engineering and development of the FAST fusion demonstrator.
Starlight Engine announced an investment agreement with the TAKANAWA GATEWAY Earth Benefit Fund on October 21. The agreement provides for newly issued shares; the investment amount was not disclosed. Global Brain manages the fund, with JR East as its principal limited partner.
The support will accelerate engineering design, research, site and regulatory work, and supply-chain development for FAST. Starlight Engine will also draw on the fund’s urban-development expertise and industrial network as it prepares for a fusion electricity-generation demonstration in the 2030s.
Use of funds
Engineering and research for the FAST fusion power demonstrator
Site, regulatory and supply-chain development