Fusion Startup Type One Energy Gets $29M Seed Round To Fast-Track Its Reactor Designs
03/28/23, 12:03 PM
Location
madisonMoney raised
$29 million
Industry
biomass energy
renewable energy
energy
Round Type
seed
One fusion startup is betting that a 70-year-old idea can help it leapfrog the competition, so much so that it’s planning to skip the experimental phase and hook its prototype reactor up to the grid.
Company Info
Location
madison, new jersey, united states
Additional Info
Type One Energy was formed by a team of globally-recognized fusion scientists with a strong track record building state-of-art stellarator fusion machines, together with veteran business leaders experienced in successfully scaling companies and commercializing energy technologies. We are applying proven advanced manufacturing methods, modern computational physics and high-field superconducting magnets to develop our optimized stellarator fusion energy system.