A Sydney-based company whose founders hope to crack the code of net positive energy gains from hydrogen fusion has vastly exceeded expectations in a pre-seed fundraising, securing $4.8 million to fund research projects around the globe.
The world is entering an exciting new Space Age. Where once the superpowers competed in a space race to the moon, today commercial companies like SpaceX, Virgin Galactic and Blue Origin are finding new business models to finally realize the economic value of space.
After Brandon Sorbom graduated from Loyola Marymount University in Los Angeles in 2010, he decided to take the “couple of thousand dollars” he had saved and his credit card (he had 0% interest for a year) and fly to Boston.
Kyoto Fusioneering, a Japanese startup developing equipment for the fusion reactor industry, said it has received 116 million yen (US$1.1 million) in funding from Coral Capital, individual investors, and founding members through a third-party allotment.
The goal of economic power generation from fusion has been elusive, but that hasn’t deterred researchers from exploring ways to develop the technology in a way that would support commercial electricity production.
Fusion power is moving out of government-run science labs into the private sector. Catalyzed by the public-private partnership methods which created the commercial space industry, fusion startups are attracting increasing interest among investors and accelerating the race to commercial fusion power.
In a brief announcement today, the Canadian nuclear fusion technology developer General Fusion announced that the investment firm created by Shopify founder Tobias Lütke has joined the company’s cap table.
If all goes as planned, the US will eliminate all greenhouse gas emissions from its electricity sector by 2035 – an ambitious goal set by President-elect Joe Biden, relying in large part on a sharp increase in wind and solar energy generation. That plan may soon get a boost from nuclear fusion, a powerful technology…
An Oxford start-up developing nuclear fusion technology has raised $25m (£19m) in fresh cash as it plots a “first-of-its-kind” plant to be ready well ahead of government targets
In a new report, the U.S. fusion research community has recommended the U.S. government move aggressively to deploy commercial fusion power as a key technology in the fight against climate change.