Watch out, world—Big Tech is making another move toward fusion power, and this time, it’s buying future power output. Google has signed the first formal offtake agreement for fusion power in the US with Commonwealth Fusion Systems. The expanded partnership is twofold: The companies declined to share financial details on a press call, including the […]
A major fusion funding round just hit Europe. Proxima Fusion has been working on developing a stellarator, a type of magnetic confinement fusion machine, for the last two years since it spun off from the Max Planck Institute for Plasma Physics (IPP). Now, Proxima has raised a €130M ($151M) Series A round of funding to […]
In its mission to build a magnetic mirror fusion machine, Realta Fusion has secured an additional $36M in funding. The Series A round was led by Future Ventures. It also included participation from Avila VC, GSBackers, Khosla Ventures, Mayfield, SiteGround, TitletownTech, and the Wisconsin Alumni Research Foundation. The testing phase: The company has been running […]
Last October, Pacific Fusion emerged from stealth with a splashy $900M Series A and a commitment to build an inertial fusion machine based on the technologies that made the National Ignition Facility (NIF) and the Z Machine successful. Now, the company has come out with a roadmap to build a net gain facility by 2030—and […]
The time has finally come: Commonwealth Fusion Systems is assembling SPARC. The megafunded fusion company has been working on the components of its flagship tokamak for the last several years, and now it’s putting the pieces together. This week, the company announced the installation of the cryostat base in the SPARC facility—the first piece of […]
A young fusion firm in Sweden has closed a funding round in its quest to harness the power of the atom. Novatron Fusion is working toward building a stable and easily manufacturable fusion machine using magnetic confinement. Last week, it closed a €10M funding round to push it into the next stage of development: building […]
First Light Fusion is going through changes. Until recently, the fusion developer planned to build a fusion plant of its own, but a few weeks ago announced it would take a different tack. Instead of pursuing a commercial fusion machine, First Light will commercialize its amplifier technology to support the burgeoning fusion sector. “If the […]
Another batch of funding has hit the fusion sector, and this time around, it’s supporting a simplified version of the twistiest concept around. Renaissance Fusion, a French stellarator developer, announced last week that it’s raised a €32M ($34.7M) funding round to advance development of its fusion machine concept and work toward a demo plant (h/t […]
In a country where it’s tough to find broad bipartisan support for most anything, fusion energy has managed to buck the trend. At least, that’s how it sounded from the stage Wednesday afternoon at the Fusion Industry Association meeting, where the US House Fusion Energy Caucus co-chairs and vice chairs reassured the industry that they’re […]
The world needs more energy—we think we can all agree on that. That new energy ought to be clean, firm, and abundant. The fusion industry is rising to meet that challenge. Realta Fusion is tackling the problem via the magnetic mirror approach, which—like many fusion concepts—was explored back in the ‘70s before falling off the […]
