Climate
Type One Energy Raises $200M to Advance 400 MW Fusion Plant for 2034
Type One Energy secured $200 million in Series B funding to advance its 400 MW Infinity Two fusion power plant, which it plans to bring online in 2034.
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Type One Energy secured $200 million in Series B funding to advance its 400 MW Infinity Two fusion power plant, which it plans to bring online in 2034.
Fusion startups are finding new opportunities in defence partnerships as companies explore laser technology and high-energy fusion applications.
Proxima Fusion plans to build a €140 million HTS tape factory in Lower Saxony to secure a critical fusion component currently produced mainly by Asian suppliers.
Fusionality, founded by former Google DeepMind researchers, raised $3.7 million to develop reusable control and simulation systems for fusion reactors.
Utilities are partnering with fusion startups such as Realta Fusion to secure reliable power sources for the future amid rising electricity demand.
Pacific Fusion begins construction of a New Mexico facility to test a fusion system designed to achieve net facility gain by 2030.
Inertia Enterprises says it cut fusion fuel pellet production from days to hours, advancing plans to mass-manufacture targets for commercial fusion power.
Kyoto Fusioneering is developing UNITY-3 at Oak Ridge to test breeding blanket technology needed to produce tritium fuel for future fusion power plants.
Commonwealth Fusion Systems has raised $4 billion and hired former Moderna CFO Lorence Kim, raising questions about when the fusion startup could go public.
Commonwealth Fusion Systems has raised another $1 billion, bringing its total funding to $4 billion as it develops Sparc and its commercial Arc fusion plant.
Thea Energy has secured a $20 million federal grant from ARPA-E to manufacture high-temperature superconducting magnets for its planned fusion reactors.
Realtà Fusion will build its Forge research facility at a former Oscar Mayer factory in Wisconsin, backed by state incentives and growing fusion investment.
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