Fuji Electric Co., Ltd.

Helical Fusion announced in early October 2026 that Fuji Electric has joined as both an investor and an Official Partner in its Helix Program, which aims to develop commercially viable fusion power in the 2030s and accelerate progress toward integrated demonstration and future net-electricity generation. The partnership broadens Fuji Electric's exposure to next-generation energy technology, aligning its core power electronics and infrastructure expertise with emerging fusion power plant development. The move adds a long-dated option on fusion to Fuji Electric's investment narrative but does not change the key near-term catalyst, which remains execution on its growing Energy and semiconductor order book, or the main risk that higher fixed and raw material costs keep squeezing margins. The most directly relevant recent announcement remains Fuji Electric's decision in July 2026 to raise full year FY2027 earnings guidance, citing stronger demand and cost efficiencies. Fuji Electric's narrative projects ¥1493.8 billion revenue and ¥141.9 billion earnings by 2029, while some of the most optimistic analysts were already assuming revenue of about ¥1,537.1 billion and earnings of roughly ¥152.8 billion by 2029.

Helical Fusion Co., Ltd. has completed a JPY 3.23 billion Series B second close, roughly USD 20.6 million, with Fuji Electric Co., Ltd. joining as both an investor and an Official Partner of the company's Helix Program. Other new investors in the second close include HAZAMA ANDO CORPORATION, Fujikura Ltd., TOKYO GAS CO., LTD., KKT LLC, and URATA Co., Ltd., along with the individual-investor fund Ecrowd NEXT and multiple corporate and individual investors. Together with other funding, including the Gifu Prime Startup Support Subsidy administered by the Gifu Prefecture Industrial Economic Promotion Center, Helical Fusion's cumulative funding has reached approximately JPY 13.15 billion, or approximately USD 83.8 million, including grants and loans. The new capital will accelerate the Helix Program, the company's roadmap toward integrated demonstration with its Helix HARUKA device and subsequent net-electricity generation with Helix KANATA, its first fusion power plant, in the 2030s. Fuji Electric, founded in 1923, began working with Helical Fusion in 2025 under an agreement to supply power supply equipment for high-temperature superconducting magnet development, and its participation expands the industrial capabilities being brought into the Helix Program. Construction of Helix HARUKA is progressing at the National Institute for Fusion Science campus in Toki City, Gifu Prefecture, with more than 30 Japanese companies contributing to its development and manufacturing.