This startup wants to build a fusion reactor — on a boat
Startups are still racing to build the world’s first commercial fusion power plant on land, but Maritime Fusion thinks the path will be easier out at sea.
Startups are still racing to build the world’s first commercial fusion power plant on land, but Maritime Fusion thinks the path will be easier out at sea.
With fusion advances showing real promise, Lowercarbon Capital plans to double down.
Google has invested in fusion startups as potential power suppliers. This latest move suggests Google sees them as potential customers, too.
The fusion startup has inked a deal with Italian energy company Eni. The move is likely intended to set a price for fusion power.
Fusion startups have raised $7.1 billion to date, with the majority of it going to a handful of companies.
Commonwealth Fusion Systems has raised nearly $3 billion to commercialize its fusion power plant. It hopes to send electricity to the grid in the early 2030s.
General Fusion pleaded for new funding in May after it laid off 25% of its staff. The new round buys it precious months to pursue its scientific milestones.
Google has pledged to use only carbon-free sources of electricity to power its operations, a task made more challenging by its breakneck pace of data center growth.
Google will invest in Commonwealth Fusion Systems and buy 200 MW of electricity from its forthcoming power plant.