Mizuho buys stake in fusion power tech firm Zap Energy

Mizuho said that this is part of its bid for carbon neutrality.

Mizuho Financial Group has bought a stake in US firm Zap Energy through its innovation firm Mizuho Innovation Frontier.

Zap Energy develops fusion power and related technology. It is a spin-off of a research institution jointly funded by the University of Washington and Lawrence Livermore National Laboratory.

The Japanese megabank said that the investment is part of its pursuit of carbon neutrality.

“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 said in a press release announcing its investment.

Mizuho did not specify how big of a stake it bought, or how much it invested in Zap Energy.

Follow the link s for more news on

Mizuho Bank

Mizuho Financial Group

Also Read

Japan’s SMBC enters partnership agreement with Avispa Fukuoka

Why high capital levels are a double-edged sword for Singapore banks

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit