There’s a new fusion company building a machine in the land down under, and it’s just notched a milestone on its way to generating fusion power. OpenStar, a New Zealand startup developing a levitated dipole fusion machine, announced Tuesday that it had achieved first plasma in a test that sustained temperatures of 300,000°C for 20 […]
It’s a bird, it’s a plane…it’s another high-flying batch of funding for a fusion startup! Last week, Marvel Fusion announced that it has secured a €62.8M ($70.3M) Series B round to support development of its inertial confinement fusion approach. Frickin’ laser beams: Most of the companies raising funds at this scale to pursue commercial fusion […]
There’s been another wave of funding into the commercial fusion sector, with Fuse Energy Technologies Corp. raising a fresh $32 million. The startup is pursuing an unconventional path to fusion energy by first building pulsed-power inertial fusion machines and using them to help customers test radiation effects. Buckley Ventures, Tamarack Global, Bracket Capital, Mantis VC, […]
Investor enthusiasm for fusion is alive and well. Our proof: a fresh batch of funding to the tune of $53.5M for Type One Energy, a startup building a stellarator in Tennessee. The investment completes Type One’s seed round, which stands at a grand total of $82.4M after the company announced a $29M portion last year. […]
Korea’s fusion development is about to get a major government windfall as the nation races toward commercial opportunities. Last week, South Korea’s National Fusion Energy Committee, an office within the Science Ministry, announced that it would start a 1.2T won ($866M) program to bolster domestic commercial fusion development. The funding, separate from the vast amounts […]
Commercial fusion companies brought in $900M in funding over the last year, per the latest annual report from the Fusion Industry Association (FIA).
The International Thermonuclear Experimental Reactor (ITER), an international collaboration on a fusion test reactor, has delayed its first operations to 2034…nearly half a century after the project was first envisioned in 1986 and nine years after the most recent target start date.
The Department of Energy released its 2024 Fusion Energy Strategy, which outlines its three pillars for advancing domestic commercial fusion energy alongside the private sector.
TAE Technologies may have just unlocked a new application for fusion power: capturing carbon directly from the atmosphere. This week, the California fusion startup signed a memorandum of understanding with Oxy Low Carbon Ventures to look into supplying fusion power and heat to direct air capture (DAC) facilities that would filter carbon emissions straight out […]
Fusion is the word on the DOE’s lips this week. The agency is taking concrete steps toward its commitment to the commercial fusion sector, finally awarding a set of previously announced grants and announcing a brand-new program to support tech development in the sector.
