Fusion Fuel Cycles, a joint venture between Canadian Nuclear Laboratories and Kyoto Fusioneering, has secured a $20-million loan from Japan Bank for International Cooperation and MUFG Bank. The financing will support UNITY-2, described as the world’s first fully integrated fusion fuel cycle facility, advancing tritium technologies critical for commercial fusion.
Founded in 2024, FFC provides end-to-end fuel cycle solutions and represents strengthened cooperation between Canada and Japan in clean energy innovation. Federal and provincial ministers said the project will create jobs, boost advanced manufacturing, and solidify Ontario’s reputation as an energy innovation hub.
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