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Nobody said that commercializing fusion power would be cheap or quick. TAE Technologies said this week it raised another $150 million in a funding round that included investments from existing backers Google, Chevron, and New Enterprise associates. By the nearly 30-year-old company’s counting, it’s TAE’s 12th round of investment. To date, it has raised…
The world’s only net-positive fusion experiment has been steadily ramping up the amount of power it produces, TechCrunch has learned. In recent attempts, the team at the U.S. Department of Energy’s National Ignition Facility (NIF) increased the yield of the experiment, first to 5.2 megajoules and then again to 8.6 megajoules, according to a source…
Some fusion companies might be hitting a rough patch, but Realta Fusion is bucking the trend with a new fundraising round it says will allow it to finalize the design of its Anvil prototype reactor. “By the end of our Series A investment period, we’ll have said, ‘Hey, we have a design. We’re shovel ready…
Fusion startups have a tough row to hoe. Their mission? To create a new kind of power plant that produces more energy than it consumes — something no one has ever done with fusion energy before. That means proving their technology works, showing it can be scaled up, and convincing investors it can all be…
General Fusion announced on Tuesday that it had successfully created plasma, a superheated fourth state of matter required for fusion, inside a prototype reactor. The milestone marks the beginning of a 93-week quest to prove that the outfit’s steampunk approach to fusion power remains a viable contender. The reactor, called Lawson Machine 26 (LM26), is…
Fusion power startups have long been stalked by one stubborn question: Will the technology work? But now, with net-positive fusion power no longer the stuff of science fiction, a fresh crop of startups have been founded on more mundane questions: Can reactors be built for less money? How can maintenance be made simpler? The answers…
Few fusion startups have been as closely watched as Helion. The 12-year-old company is backed by Sam Altman, rumored to be in talks with OpenAI, and has a deal to supply Microsoft with electricity by 2028 — years earlier than its competitors. The company’s unorthodox approach to fusion power and relative secrecy has earned it…
As the world races to add more power plants to satiate AI’s thirst for electricity, investors have been plowing money into nuclear fusion, the pie-in-the-sky technology that appears to be inching its way toward commercial viability. The latest exhibit: Tokamak Energy, a UK-based startup that’s working to refine its squeezed-doughnut approach to fusion power. The…
Fusion startups have been on a fundraising tear lately, and a young startup, Acceleron Fusion, is joining the pack, having raised $15 million of a targeted $23.7 million round, according to an SEC filing. The fusion sector recently has been showered with interest from investors, who no doubt have been encouraged by the breakthrough experiment…
Over the last several years, fusion power has gone from the butt of jokes — always a decade away! — to an increasingly tangible and tantalizing technology that has drawn investors off the sidelines. The technology may be challenging to master and expensive to build today, but fusion promises to harness the nuclear reaction that…