U.S. Department of Energy announces $180m for new fusion initiative 6 June 2024 The U.S. Department of Energy (DOE) Office of Fusion Energy Sciences has announced $180m of funding for new Fusion Innovation Research Engine (FIRE) Collaboratives. These FIRE Collaboratives will support teams…
Xcimer Energy closes $100m Series A 4 June 2024 Xcimer Energy announced the close of a $100m Series A round. The financing was led by Hedosophia with participation from Breakthrough Energy Ventures, Lowercarbon Capital, Prelude Ventures, Emerson Collective, Gigascale…
Max Planck Institute for Plasma Physics receives €4m from BMBF 26 April 2024 Max Planck Institute for Plasma Physics (IPP) will receive €4m from a new programme for the implementation of the first approved magnetic fusion project. The grant will support two IPP…
Proxima Fusion closes €20m Seed round 20 April 2024 Proxima Fusion, the first spin-out from the Max Planck Institute for Plasma Physics has closed a preempted and oversubscribed seed round raising €20m ($21.7m) from new and existing investors. The…
Kyoto Fusioneering adds US$9.9m in Series C extension 11 April 2024 Kyoto Fusioneering has raised a total of ¥1.5bn ($9.9M) in a Series C extension round from three new investors: 31VENTURES – Global Brain – Growth I GK fund, a growth-stage…
Gauss Fusion receives €9m funding from BMBF 3 April 2024 Gauss Fusion is to receive €9m in funding from the Federal Ministry of Education and Research (BMBF). The funding will enable Gauss Fusion to advance their first objective, the development…
In Conversation: Clea Kolster, Lowercarbon Capital 18 June 2024 In 2022 Lowercarbon Capital raised a $250m fund called Q>1 to back the world’s leading fusion companies, saying “the science of fusion is no longer a pipe dream” that “for…
Inside the Funding Rounds: Commonwealth Fusion Systems 18 June 2024 Since it was founded in 2017, Commonwealth Fusion Systems (CFS) has raised more than US$2 billion in support of its mission to invent ARC, a compact fusion power machine that…
