Thea Energy lands $20M federal grant to build its magnets for fusion reactors
Fusion power startup Thea Energy snagged a $20 million award from ARPA-E to scale production of its high-temperature superconducting magnets.
Fusion power startup Thea Energy snagged a $20 million award from ARPA-E to scale production of its high-temperature superconducting magnets.
“We can take power from a plasma,” Kieran Furlong, co-founder and CEO of Realta Fusion, told TechCrunch. The milestone shows “what’s possible,” he added.
Fusion startups have raised $7.1 billion to date, with the majority of it going to a handful of companies.
Fusion startup Helion is racing to complete a power plant for Microsoft by 2028. A fresh infusion of cash should help with that.
Fusion startup Xcimer fired up the world’s largest privately owned laser.
Another fusion startup has raised another a massive round to make this type of power a reality.
Pacific Fusion’s sub-scale prototype delivered enormous amounts of power in a flash, setting the company up for its demonstration power plant.
Thea Energy’s pixel-inspired magnets could give its power plant plans a boost. The fusion startup hopes to get a commercial reactor working by 2034.
Surprise! Fusion startup Zap Energy says it will be developing fission reactors alongside its fusion devices.
Fusion startups and investors risk deepening fissures if some key disagreements aren’t settled amicably.