Backing the
ultimate renewable energy

As one of the largest institutional investors in venture capital in Australia, Hostplus is proud to back companies that aim to produce environmentally friendly energy. That's why we're investing in fusion technology.

Commonwealth Fusion Systems

The first of these approaches has been developed by Commonwealth Fusion Systems (CFS), a company that was spun out of the Massachusetts Institute of Technology (MIT) in 2018 and has grown significantly in a very short space of time

CFS is developing a new generation of high-temperature superconducting magnets, to be used in smaller, more economical fusion reactors. Our investment will accelerate CFS’ path towards commercial fusion energy.  ‍

First Light Fusion

The second approach is being developed by First Light Fusion, a company focused on the “inertial confinement” approach to generating fusion energy. This approach involves firing very high velocity projectiles at specially shaped fuel pellets, called targets. The impact creates a shock wave that compresses and heats the fuel to the point that a fusion reaction occurs.

First Light Fusion originated from Oxford University in 2011. It aims to develop commercially viable and sustainable forms of power generation using this technology.   

Hostplus has invested over $3 billion to venture capital investments, including in companies like Commonwealth Fusion Systems and First Light Fusion.

If you’re in our MySuper Balanced option, part of your money may be invested in companies like Commonwealth Fusion Systems, who aim to combat climate change, and First Light Fusion, whose mission is to solve the problem of fusion power with the simplest machine possible.

Find out more about our response to the challenges posed by climate change.