Kyoto Fusioneering Culture Deck (English)

© 2024 KYOTO FUSIONEERING Ltd. ALL RIGHTS RESERVED. FUSIONfor the
FUTURE KYOTO FUSIONEERING CULTURE DECK

© 2024 KYOTO FUSIONEERING Ltd. ALL RIGHTS RESERVED. 2 ©
2024 KYOTO FUSIONEERING Ltd. ALL RIGHTS RESERVED. Contents Why do we need to work on it now? Opportunity to contribute to humanity's challenges Kyoto Fusioneering’s work environment Why is fusion energy getting so much attention? 1 2 3 4

IEA. Licence: CC BY 4.0 We must reimburse our carbon
debt © 2024 KYOTO FUSIONEERING Ltd. ALL RIGHTS RESERVED.

© 2024 KYOTO FUSIONEERING Ltd. ALL RIGHTS RESERVED. 4 Fusion
energy is the optimal solution for an energy rich and net zero emission world “I would like nuclear fusion to become a practical power source. It would provide an inexhaustible supply of energy, without pollution or global warming.” Stephen William Hawking Physicist, Cosmologist Time Magazine, November 15, 2010

© 2024 KYOTO FUSIONEERING Ltd. ALL RIGHTS RESERVED. 5 FUSION
ENERGY The Sun on Earth Token of human intellect ＝ Inherently Safe No risk of runaway reactions and meltdowns Abundant Primary Fuels Offers a virtually limitless source of energy Minimal Waste No long-lived radioactive waste Clean Does not produce greenhouse emissions

© 2024 KYOTO FUSIONEERING Ltd. ALL RIGHTS RESERVED. One helium
atom is generated by fusion the reaction of 4 hydrogen particles 6 Nuclei ‘fuse’ together and become another atom In the sun Hydrogen FUSION Helium What is nuclear fusion? 4H He

© 2024 KYOTO FUSIONEERING Ltd. ALL RIGHTS RESERVED. 7 Source:
Reference to https://www.mext.go.jp/a_menu/shinkou/iter/019.htm, (Ministry of Education , Culture, Sports, Science and Technology Japan) Over 100 million ℃ to generate plasma Continuous reaction Need to artificially create a special environment on Earth Confinement of plasma in a strong magnetic field

© 2024 KYOTO FUSIONEERING Ltd. ALL RIGHTS RESERVED. 8 The
fundamental difference between Fusion and Fission reactions The difference between Fusion and Fission Fusion Fission (nuclear power) • Fusing light atomic nuclei • Sustaining the reaction is challenging • Splitting heavy atomic nuclei into two • Once split, the reaction continues unless controlled Deuterium Neutron (energy) Fusion Helium Tritium *For of DT reaction Neutron Uranium- 235 Neutron Neutron The products of fission Fission Neutron (energy)

Public sector initiation of Fusion Energy ITER, under international cooperation
The US, UK and Japan kick off their own projects Achievement of Lawrence Livermore National Laboratory: generating more energy output than energy input Fusion Energy is becoming a reality © 2024 KYOTO FUSIONEERING Ltd. ALL RIGHTS RESERVED.

© 2024 KYOTO FUSIONEERING Ltd. ALL RIGHTS RESERVED. 10 2022
2021 2020 2019 2018 2017 2015 2013 2011 2009 2008 2006 2003 2002 1998 1992 Princeton Fusion Systems TAE Technologies General Fusion LPP Fusion, Inc. ENN Horne Technologies NK Labs, LLC Magneto-Internal Fusion Technology Inc. Tokamak Energy First Light Fusion Helion Energy CTFusion Inc. HB11 Energy HyperJet Fusion Corporation ZaP Energy Crossfield Fusion Ltd Marvel Fusion N.T. Tao Type One Energy Group Avalanche Energy Commonwealth Fusion Systems Compact Fusion Systems, Inc. HelicitySpace Corporation Electric Fusion Systems, inc. Renaissance Fusion Ex-Fusion Focused Energy Helical Fusion NearStar Fusion Inc. Deutelio Princeton Stellarators inc. Realta Fusion Xcimer Energy Inc. Google Chevron invested total of USD 1.2 billion in TAE technologies Bill Gates invested USD 2 billion in Commonwealth Fusion Systems The rise of private enterprises

© 2024 KYOTO FUSIONEERING Ltd. ALL RIGHTS RESERVED. 11 Credit:
Sam Wurzel (U.S. DoE - ARPA-E) USD (billions) 2.5 2.0 1.5 1.0 0.5 0 Private investments Department of Energy (DOE) FES ARPA-E funding Investments 3 year moving average Investments 5 year moving average The US: Private investment exceeds public funding

© 2024 KYOTO FUSIONEERING Ltd. ALL RIGHTS RESERVED. 12 Startup
companies boosting Fusion Energy market Reading Location of fusion startups Source: The global fusion industry in 2023 Canada USA Seattle 1 25 Sweden UK France Israel Italy Germany 3 1 3 1 1 1 Australia New Zealand Japan Tokyo Kyoto 3 1 1 China 2 #

Startup companies boosting Fusion Energy market ＊ Permission obtained for use of logos

© 2024 KYOTO FUSIONEERING Ltd. ALL RIGHTS RESERVED. 14 No
Company Nation Funding amount Year founded Employees Main investors 1 Commonwealth Fusion Systems US $2,000m+ 2018 300+ Bill Gates, Temasek, Khosla, Lowercarbon Cap, BEV, ENI 2 TAE Technologies US $1,000m+ 1998 400 Google, Venrock, Chevron, Sumitomo Corp, 3 Helion Energy US $578m 2013 90 Dustin Moskovitz(Asana), Capricorn 4 General Fusion Canada $300m 2002 210 Jeffrey Bezos, Temasek, GIC 5 Tokamak Energy UK $250m 2009 190 Hans-Peter Wild, Legal & General, Winton Ventures 6 Zap Energy US $200m 2017 60 Lower carbon Capital, Chevron, Shell, DCVC, BEV, Addition 7 First Light Fusion UK $107m 2011 70 Oxford, Tencent, Bravos Capital *As of December 31, 2022 More than USD 4 billion investment in only 5 companies

© 2024 KYOTO FUSIONEERING Ltd. ALL RIGHTS RESERVED. 15 Contents
Why do we need to work on it now? Opportunity to contribute to humanity's challenges Kyoto Fusioneering’s work environment Why is fusion energy getting so much attention? 1 2 3 4 © 2024 KYOTO FUSIONEERING Ltd. ALL RIGHTS RESERVED.

© 2024 KYOTO FUSIONEERING Ltd. ALL RIGHTS RESERVED. 16 Edison,
a renowned inventor, brought many technologies to the world by not only developing but also selling them, for example as generators and telephones Advertising the ‘World's Honda’, Soichiro Honda decided to penetrate the American market soon after the company's founding. He tried his hand at business in the US, including the Super Cub. Following the invention of the IC in 1950, Japan’s high economic growth era led to the development of many products such as calculators, as well as the expansion of business around the world. Being at the centre of a new technological industry

© 2024 KYOTO FUSIONEERING Ltd. ALL RIGHTS RESERVED. 17 Boris
Johnson Ten Point Plan for a Green Industrial Revolution (November 2020): “…aims to build the world’s first commercially viable fusion power plant in the UK by 2040” UK’s prototype fusion energy plant will be in Nottinghamshire (October 2022) White House Fusion Summit Bold Decadal Vision for Commercial Fusion Energy (March 2022) Working with the private sector to accelerate the viability of commercial fusion energy National Academy of Sciences (February 2021): "Prior to Start of Construction: Conceptual and Preliminary Design (2021-2028), First Phase of Pilot Plant Operation (Completed by 2035-2040) " Fusion Energy ‘commercialisation’ in the US and UK In November 2023: Joint Statement Between DOE and the UK Department for Energy Security and Net Zero Concerning a Strategic Partnership to Accelerate Fusion https://www.energy.gov/articles/joint-statement-between-doe-and-uk-department-energy-security-and-net-zero-concerning

© 2024 KYOTO FUSIONEERING Ltd. ALL RIGHTS RESERVED. 18 US
initiates R&D race driven by startups DOE announces $46 million for commercial Fusion Energy development The U.S. Department of Energy (DOE) announced USD 46 million in funding to eight companies advancing designs and research and development for fusion power plants, representing a major step in President Biden’s commitment to a pilot-scale demonstration of fusion within a decade. • Commonwealth Fusion Systems (Cambridge, MA) • Focused Energy Inc. (Austin, TX) • Princeton Stellarators Inc. (Branchburg, NJ) • Realta Fusion Inc. (Madison, WI) • Tokamak Energy Inc. (Bruceton Mills, WV) • Type One Energy Group (Madison, WI) • Xcimer Energy Inc. (Redwood City, CA) • Zap Energy Inc. (Everett, WA) 2023 May Within five to 10 years, the eight awardees will resolve scientific and technological challenges to create designs for a fusion pilot plant that will help bring fusion to both technical and commercial viability. https://www.energy.gov/articles/doe-announces-46-million-commercial-fusion-energy-development

© 2024 KYOTO FUSIONEERING Ltd. ALL RIGHTS RESERVED. 19 Helion
announces world’s first Fusion Energy purchase agreement with Microsoft *3 New facility aims to deliver at least 50 MW and begin producing electricity by 2028, dramatically shortening the projected timeline for commercially viable fusion energy. Overseas startups set ambitious goals 2023 May Commonwealth Fusion Systems raises USD 1.8 billion in funding to commercialise Fusion Energy*1 2025: SPARC aims to achieve commercially relevant net energy from fusion Early 2030s: First fusion power plant, called ARC, to be completed 2021 Dec TAE Technologies’ statement on US nuclear fusion advancement *2 “TAE is currently constructing its sixth research reactor, Copernicus, and is on target to bring commercial fusion to the grid in the 2030s.” 2022 Dec *1 https://cfs.energy/news-and-media/commonwealth-fusion-systems-closes-1-8-billion-series-b-round *2 https://tae.com/tae-technologies-statement-on-us-nuclear-fusion-advancement/ *3 https://www.helionenergy.com/articles/helion-announces-worlds-first-fusion-ppa-with-microsoft/

© 2024 KYOTO FUSIONEERING Ltd. ALL RIGHTS RESERVED. 20 ‘Fusion
Energy Innovation Strategy’ in Japan https://www8.cao.go.jp/cstp/fusion/index.html Fusion Energy Innovation Strategy by The Integrated Innovation Strategy Promotion Council 2023 Apr • Seeing Fusion Energy as a new industry, Japan will not miss the opportunity to enter the burgeoning global fusion supply chain competition. • In addition to the ITER Project/BA Activities and DEMO reactor development, Japan will accelerate the realisation of Fusion Energy through a multifaceted approach such as commercialisation. • Japan will establish Fusion Industry Council, support startups and others’ R&D, hold discussions on safety regulations, strengthen its support of emerging technologies, develop educational programs, etc. Developing the Fusion industry [Visualisation] • Early realisation of DEMO reactor by accelerated R&D • Clarification of targets with technology, market opportunity maps [Connections] • Matching of companies through establishment of Fusion Industry Council of Japan aiming at FY2023 [Fostering] • Enhancing support to bridge the gap between technological innovations held by private companies and industrial demands from FY2023 • Participation in discussion between like-minded countries on safety regulations and standardisation • Formulation of basic ideas on ensuring safety Pursuing the Industrialisation of Fusion Energy

© 2024 KYOTO FUSIONEERING Ltd. ALL RIGHTS RESERVED. 21 Japan
accelerates nationwide efforts *1: ttps://jfusion.jp/ • The goal is to transform the global energy landscape by establishing a fusion energy industry and contributing to the future advancement of humanity through the provision of stable and clean energy. • This collaborative organisation brings together the industry, government and academia to build a fusion energy industry from Japan and promote it around the world. Kyoto Fusioneering serves as the Chair and Sumitomo Corporation and Helical Fusion hold the Vice-Chair positions. • Participants include fusion-related companies and a diverse range of Japanese industries such as trade, insurance, construction, telecommunications and more. Japan Fusion Energy Council (J-Fusion) established*1 2024 Mar

© 2024 KYOTO FUSIONEERING Ltd. ALL RIGHTS RESERVED. 22 Japan
accelerates nationwide efforts Joint statement on strategic partnerships to accelerate the demonstration and commercialisation of Fusion Energy • Responding to scientific and technical challenges, and share and developing R&D facilities. • Promoting international harmonisation of the fusion reactor regulation. • Supporting the development of resilient global supply chains, including collaboration with industry. • Promoting skills development of the next generation of talent and encourage researcher exchanges. Joint statement between MEXT and DOE*1 2024 Apr *1: https://www.mext.go.jp/a_menu/shinkou/iter/1422811_00009.htm https://www.energy.gov/articles/joint-statement-between-doe-and-japan-ministry-education-sports-science-and-technology

© 2024 KYOTO FUSIONEERING Ltd. ALL RIGHTS RESERVED. It’s time
to dive into the market and seize the opportunity to create a Fusion Energy industry 23 23 From a USD 3.5 billion market to a USD 655 billion industry

Why do we need to work on it now? Opportunity to contribute to humanity's challenges Kyoto Fusioneering’s work environment 2 3 4 Why is fusion energy getting so much attention? 1 © 2024 KYOTO FUSIONEERING Ltd. ALL RIGHTS RESERVED.

Establish the fusion industry and become an industrial leader based on Japan’s unique technological superiority. Mission Solving a global problem to deliver a new energy future for humankind. The ultimate energy solution: fusion. Vision Our Mission and Vision

© 2024 KYOTO FUSIONEERING Ltd. ALL RIGHTS RESERVED. 26 We
promote the industrialisation of Fusion Energy by collaborating with any company or research institute aiming to achieve working fusion reactors Plasma core Plasma periphery Companies Research institutes As a partner of a fusion reactor development organisations

© 2024 KYOTO FUSIONEERING Ltd. ALL RIGHTS RESERVED. 28 Our
strengths Gyrotrons capable of four frequency bands (104 / 137 / 170 / 236*GHz) (*236GHz is currently under development) Orders received from UKAEA and overseas startup companies. Extensive cooperation with major Japanese technology and manufacturing companies for collaborative product development. Developing a range of technologies that are expected to have applications in the fusion industry and other industries. Gyrotron System Gyrotrons provide the heating system necessary to create and sustain a plasma state in magnetic confinement-type fusion reactor. Gyrotrons have been researched at national research institutes for many years. Building on this technology, we are researching and developing performance improvements and promoting their global adoption. Our R&D efforts include the development of higher frequencies and extended output duration, ensuring they are suitable for industrial use. As a private company, we prioritise excellence in product management and quality assurance, as well as many other aspects necessary for successful gyrotron.

strengths Development of technologies and equipment to enable efficient tritium extraction from liquid breeder system. Design and development of plasma exhaust systems (including divertors, pumps, direct internal recycling system) and separation technologies (impurity gas removal, isotope separation system, etc.) to maintain continuous burning of fusion plasma through efficient tritium recovery. Optimisation of fusion fuel cycle systems and investigation of cost-competitive designs. Fusion Fuel Cycle System A key challenge in achieving stable operations of a fusion device is maintaining a continuous fuel supply. To address this, we are advancing fusion fuel cycle technologies which are essential for circulating hydrogen isotope gases like deuterium and tritium, the primary fuels for most fusion reactions. These gases are heavier forms of hydrogen and are pivotal for achieving the high-energy output desired in fusion reactors. Our research, rooted in studies from Kyoto University and other prestigious institutions, aims to refine the processes of exhaust, separation and circulation of these gases. In collaboration with Canadian Nuclear Laboratories (CNL), a leader in hydrogen management, we are undertaking the UNITY-2 project. This initiative focuses on enhancing the technological maturity of fusion fuel cycle systems. CNL’s world-renowned facilities play a crucial role in this joint effort, bringing global expertise to the forefront of our research.

strengths Development of advanced materials (e.g., SiC composites) with high heat resistance (up to 1000 °C) and low activation. Design and development of advanced blankets with heat recovery and tritium breeding capabilities at high temperatures, as well as the design of liquid metal molten salt loops (LiPb, Li, FLiBe). Design and development of advanced heat exchangers and innovative power generation cycles using helium and other media. Exploration of hydrogen production using zero-carbon, high-temperature heat sources derived from fusion energy, and carbon fixation technology through the pyrolysis of biomass. Fusion Thermal Cycle System Extracting heat efficiently from a fusion core requires innovative materials and plant designs tailored to the unique demands of Fusion Energy. These include managing extreme conditions like intense neutron bombardment, powerful magnetic fields, and high temperatures. At KF, we’re committed to developing a comprehensive system that not only withstands these challenges but also achieves high thermal efficiency. Our proprietary materials and plant designs represent a leap forward in fusion technology. They are specifically engineered to handle the rigors of fusion energy production, setting new standards in durability and efficiency. This development is a crucial step towards realising practical and sustainable fusion energy.

strengths UNITY Suite KF is advancing the UNITY (Unique Integrated Testing Facility) Suite, a collection state-of-the-art facilities dedicated to advancing engineering technologies critical for Fusion Energy commercialisation. The UNITY Suite includes two distinct yet interconnected facilities: UNITY-1: Being built at KF’s Kyoto Research Centre, UNITY-1 is dedicated to advancing the Fusion Thermal Cycle System. It simulates the high-temperature and magnetic conditions of a fusion plant to test various power generation systems. This includes innovative components such as a specialized ‘blanket’ for efficient heat extraction, liquid metal loops, and advanced heat exchangers, all operating without radioactive materials. This facility is pivotal in harnessing and converting the immense energy generated by fusion reactions into electricity. The UNITY-1 demonstration facility will not create a fusion reaction, and will not use any radioactive materials. UNITY-2: To be situated at Chalk River Laboratories in Ontario and developed in strategic alliance with Canadian Nuclear Laboratories, UNITY-2 focuses on the complete deuterium-tritium fuel cycle. This facility is set to pioneer global standards in critical operations such as fuel exhaust, pumping, and tritium handling. UNITY-2’s test loop will play a crucial role in demonstrating safe and stable fuel supply processes for core plasma.

© 2024 KYOTO FUSIONEERING Ltd. ALL RIGHTS RESERVED. ・ Arthur
D. Little ・ ENERES ・ Kyoto University ⚫ Yale University ⚫ Karlsruhe Institute of Technology ⚫ Los Alamos National Laboratory ⚫ Toshiba ⚫ KPMG ⚫ BCG ⚫ Hitachi, Ltd. ⚫ Canon 32 Keishi Sakamoto Director and CTO Kiyoshi Seko Director and COO Taka Nagao Co-Founder & Chairman Satoshi Konishi Co-Founder & CEO Strong business and technical teams empower the KF business ・ Kyoto University ・ ITER ・ Tokyo University ・ JAEA ・ Coral Capital ・ Mitsubishi Corporation ・ Tokyo University ・ JAEA ・ QST ・ Kyushu University Powerful business and technical teams Shutaro Takeda Co-Founder & Chief Strategist ・ Kyoto University ・ Harvard University ・ IAEA Employees’ backgrounds (over 100 people) Richard Pearson Co-Founder, Chief Innovator & UK Director ・ The Open University ・ Imperial College London

Why do we need to work on it now? Kyoto Fusioneering’s work environment 2 4 Why is fusion energy getting so much attention? 1 Opportunity to contribute to humanity's challenges 3 © 2024 KYOTO FUSIONEERING Ltd. ALL RIGHTS RESERVED.

02 03 Synchronisation of individual purpose and KF’s Mission and Vision Increased job satisfaction and engagement We’re committed to fostering a culture that embraces our company’s Mission and Vision, driving both organisational success and employee personal growth. Our aim? To create a workplace where everyone's purpose aligns, leading to greater job satisfaction. Win-Win Relationship! Mission Vision Purpose Achievement of Company’s Mission and Vision Individual goals

© 2023 KYOTO FUSIONEERING Ltd. ALL RIGHTS RESERVED. Over 130Staff
*As of October 1, 2024 Approximately 70Tech Professionals Around 800years of fusion experience *As of October 1, 2024 © 2024 KYOTO FUSIONEERING Ltd. ALL RIGHTS RESERVED.

KF is hiring in many different domains: Business, Engineering, Administration, etc. Members active in various fields *As of October 1, 2024 Plant Technology Department Corporate Management Department People and Culture Division Electro Magnetic Technology Department Corporate Planning Department Business Development & Operation Department More than half are Engineers

© 2024 KYOTO FUSIONEERING Ltd. ALL RIGHTS RESERVED. 38 From
legendary researchers to people from diverse industries, everyone is united in their passion. Scan for more information Getting together under ‘Fusion Energy’ Business Development Electro Magnetic Plant Technology Electro Magnetic Working with colleagues who have something I don’t have makes me more willing to listen to them and to work hard for them. Each of us respects the other members and I think this leads to trust in each other. I was involved in the development of gyrotron for about the first 10 years of its history, and the issues that were raised at that time have now been resolved. I am deeply impressed by the reunion that I am now involved again with Prof. Sakamoto and his team. Yuto Yoshioka Vice President of Business Yosuke Hirata Head of Electro Magnetic Development Maki Okada Engineer Electro Magnetic Technology Division Dr. Colin Baus Vice President pf Plant Tech About 10 years after my first encounter with nuclear fusion, I’m now proud to be involved in activities to realise it with pioneers who have the technology and knowledge to make it a reality. I want to improve myself everyday to become an engineer like my mentor of my university. We should not need to limit ourselves to a factor of 2 in global energy demand by 2100. With freely available clean fusion energy we can finally tackle power-hungry challenges such as waste removal, at-home fab, and supsersonic transport.

© 2024 KYOTO FUSIONEERING Ltd. ALL RIGHTS RESERVED. 39 *As
of October 1, 2024 Company information: Kyoto Fusioneering Ltd. Tokyo Office Otemachi Bldg. 5th Floor, 1-6-1 Otemachi, Chiyoda-ku, Tokyo, 100-0004, Japan Representative’s Name CEO: Satoshi Konishi Established October 1, 2019 Locations Tokyo Office (Otemachi, Tokyo, Japan) UK Office (Reading) US Office (Seattle) EU Office (Karlsruhe) Research institutes (Kyoto & Hyogo, Japan) Joint research institute (Kyoto University Uji Campus, Kyoto, Japan) Total Funding JPY 14.8 billion (July 2024) Number of members 138 (including temporary staff, contractors and subsidiaries) Shareholders *logos that we have obtained permission to use, in alphabetical order

Kyoto Fusioneering Culture Deck (English)

Kyoto Fusioneering Culture Deck (English)

More Decks by 京都フュージョニアリング株式会社 / Kyoto Fusioneering Ltd.

Other Decks in Business

Featured

Transcript