Mitsubishi Corporation has invested in Commonwealth Fusion Systems (CFS), a fusion energy start-up from MIT, in a third-party allotment.

The investment was made in collaboration with a consortium of 12 Japanese companies.

CFS plans to build the world’s first commercial fusion power plant in Virginia, with the aim of generating electricity by the early 2030s.

The Japanese Consortium will acquire technical and commercial expertise from CFS’s commercialisation projects in the US.