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The world is desperate for a clean, abundant source of energy that can replace fossil fuels as an always-available baseload power: nuclear fusion promises to be just that.
Commercial Fusion is a term used to refer to privately owned companies whose aim is to sell electricity produced by nuclear fusion. The industry now consists of over 40 companies who have attracted a combined total of more than $6 billion in investment.
Jennifer Granholm, secretary of the U.S. Department of Energy, says that the U.S. is aiming to create a working fusion reactor by 2035.
Thea Energy is an American fusion power company founded in 2022 after a spin-out from the Princeton Plasma Physics Laboratory (PPPL). [1] Its original name was Princeton Stellarators, Inc ( PSI ). Thea Energy's approach to commercial fusion is based on the stellarator approach using a unique set of all-planar electromagnetic coils.
The push to commercialize nuclear fusion has come with renewed urgency for a reliable source of clean energy in the face of climate change as governments look to limit global warming to 1.5 ...
US companies are worried they’re losing their lead in mastering this near-limitless form of energy, as new fusion companies sprout across China, and Beijing outspends DC. The US led on nuclear ...
CFS was founded in 2018 as a spin-off from the MIT Plasma Science and Fusion Center. [4] After initial funding of $50 million in 2018 from the Italian multinational Eni, [2] CFS closed its series A round of venture capital funding in 2019 with a total of US$ 115 million in funding from Eni, [5] Bill Gates's Breakthrough Energy Ventures, Vinod Khosla's Khosla Ventures, and others.
Advances in the potential energy source may not be about electricity, at least at first.