German start-up wins initial funding for revolutionary fusion energy machine

German start-up wins initial funding for revolutionary fusion energy machine

A German start-up has secured initial funding to develop a revolutionary fusion energy machine that it hopes can provide a future source of abundant, emissions-free power. Proxima Fusion, incorporated in January, aims to build a complex device known as a stellarator and is the latest company to join the emerging fusion industry’s effort to generate…

Mitsubishi Corp., others make $73.6m bet on fusion power in Japan

Mitsubishi Corp., others make $73.6m bet on fusion power in Japan

A consortium of public- and private-sector groups in Japan will invest in a startup working to commercialize fusion power, a next-generation energy source. Sixteen companies, including Mitsubishi Corp., Kansai Electric Power Co., and a government-affiliated fund will invest around 10 billion yen ($73.6 million) in the startup born at Kyoto University, Nikkei has learned.

‘Desktop fusion’ startup Avalanche Energy lands $40M and logs new tech achievement

‘Desktop fusion’ startup Avalanche Energy lands $40M and logs new tech achievement

The news: Micro-fusion startup Avalanche Energy announced a $40 million funding round on Monday. The Seattle-based company is developing a small-scale solution for fusion power, which is called clean energy’s “Holy Grail” because of its potential for generating unlimited amounts of power.

Nuclear fusion will not be regulated the same way as nuclear fission — a big win for the fusion industry

The top regulatory agency for nuclear materials safety in the U.S. voted unanimously to regulate the burgeoning fusion industry differently than the nuclear fission industry, and fusion startups are celebrating that as a major win.