Connect with us

Hi, what are you looking for?

Bytes

MiHoYo Invests $65 Million Towards Nuclear Fusion Devices

Contributing to Energy Singularity’s Tokamak research to lower carbon emissions

The developer behind Genshin Impact and Honkai Impact 3rdMiHoYo, has contributed $65 million towards the nuclear fusion technology company Energy Singularity.

Energy Singularity’s first financing round was led by MiHoYo and also saw funding raised from NIO Capital, Sequoia China Seed Fund and BlueRun Ventures.

The nuclear fusion company is aiming to lower carbon emissions by making Tokamak devices and operational control systems. It intends to use the funds to research and develop the first small Tokamak experimental device with advanced magnet systems and materials that serve as high-temperature superconductors.

Funding intentions

The goal of Energy Singularity is, according to a tweet by Niko Partners senior analyst Daniel Ahmad, to primarily use these funds to build “its own Tokamak device by 2024”.

Ahmad also noted that members of Energy Singularity’s staff attended Shanghai Jiao Tong University, which MiHoYo’s founders also attended.

Founded in 2021, The Energy Singularity team is also comprised of individuals from Stanford University, Peking University, and more.

Written By

You May Also Like

Bytes

Fashion brand teams up with proto-metaverse for two new eyewear options, the Helux and Hydra

Level Up

Eager to be at the metaverse frontier, but not sure how to get started? As exciting as the idea of a shared digital space...

Bytes

New blockchain gaming platform based on Unreal Engine 5.

Bytes

The record for the most expensive land sale in the metaverse has just been raised

Advertisement
Advertisement

Subscribe to the future

Advertisement