Topic: fusion power
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Pacific Fusion Cuts Costs for Its Reactor Breakthrough
Pacific Fusion has developed an experimental breakthrough using magnetic field "leakage" to preheat fusion fuel, eliminating the need for costly separate preheating hardware like lasers. This innovation in their pulser-driven inertial confinement fusion method aims to significantly reduce reactor...
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Top Fusion Startups With $100M+ in Funding
The pursuit of commercial fusion power has accelerated due to major technological advances and a key 2022 scientific milestone, attracting billions in private investment. Leading companies like Commonwealth Fusion Systems, TAE Technologies, and Helion are pursuing diverse reactor designs with sub...
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Thea Energy Unveils Helios: A Pixel-Inspired Fusion Power Plant
Thea Energy's Helios reactor uses arrays of identical magnets and advanced control software to simplify fusion reactor design, aiming to reduce costs and complexity compared to traditional stellarators. This software-defined approach allows for rapid design iteration and compensates for manufactu...
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Commonwealth Fusion Lands $1B+ Deal for Future Reactor
Commonwealth Fusion Systems has signed a power purchase agreement worth over $1 billion with Eni for electricity from its first commercial fusion reactor, Arc, planned for Virginia in the early 2030s. The company's smaller prototype reactor, Sparc, is 65% complete and on track for activation in 2...
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The $100M+ Fusion Startups: Who's Leading the Charge?
Fusion energy has advanced significantly with over $10 billion in private investment, driven by breakthroughs in computing, materials science, and plasma confinement. A key milestone was achieved in 2022 when a U.S. lab reached scientific breakeven, producing more energy from fusion than was inpu...
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This Startup Is Building a Fusion Reactor on a Boat
Maritime Fusion is developing compact fusion reactors for ships, leveraging advances in AI and superconducting magnets to make commercial fusion energy more feasible. Fusion offers key advantages over fission at sea, including no meltdown risk and minimal radioactive waste, with the company adapt...
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Nvidia, Google, Bill Gates Back $863M Fusion Energy Funding
Commonwealth Fusion Systems raised $863 million from investors including Nvidia and Google, bringing its total funding to nearly $3 billion and highlighting growing confidence in commercial fusion energy. The company is building a prototype reactor, Sparc, aiming to achieve scientific breakeven b...
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General Fusion to Go Public in $1 Billion Reverse Merger
General Fusion is pursuing a reverse merger with a SPAC to go public, a move that could provide up to $335 million in new capital and value the company at around $1 billion. The funding is intended to complete its LM26 demonstration reactor, which uses a unique, piston-driven inertial confinement...
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Type One Energy Secures $87M, Led by Bill Gates, for Fusion Power
Type One Energy has secured $87 million in new funding, bringing its total venture investment to over $160 million and reflecting strong investor confidence in fusion technology as a solution to rising global electricity demands. The company is developing a commercial fusion power plant using a m...
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Google DeepMind's Fusion Energy Partnership Explained
Commonwealth Fusion Systems and Google's DeepMind are collaborating to use AI for optimizing plasma behavior in the Sparc reactor, aiming to achieve stable fusion for emissions-free electricity. Google is strategically involved as both an investor and future customer, seeking sustainable power fo...
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Trump Media Merges With Fusion Power Firm in $6B+ Deal
Trump Media and Technology Group (TMTG) is merging with TAE Technologies in a multi-billion dollar deal to enter the commercial fusion energy sector, citing rising global electricity demand. The merger combines TMTG's digital media assets and financial resources with TAE's decades of fusion resea...
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