A private start-up called Helion aims to have a working fusion reactor by 2028
Building a working nuclear fusion reactor has proven to be a daunting challenge even for multiple wealthy nations, as we've seen with the much-delayed ITER project. However, a private start-up called Helion thinks it can build one and start supplying energy by 2028 by taking a different approach than other reactors. <br /> Founded in 2013, Helion is in the news thanks to a $425 million funding round, backed by billionaires like Sam Altman and Peter Thiel. With more than $1 billion raised, the company is now valued at $5.4 billion.<br /> Nuclear fusion, which combines hydrogen atoms to form helium, is the holy grail for green energy. It's carbon free, and unlike current nuclear plants, produces no long-term radioactive waste. At the same time, reactors could produce e [...]
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17 fusion startups have now raised over $100M each, and the total keeps climbing
The number of fusion startups that have raised more than $100 million has reached 17, according to a TechCrunch tally published Thursday, with total private investment in the sector now exceeding $13 [...]