Madison-based nuclear fusion startup receives $3M federal grant
Madison startup Realta Fusion Inc. has been awarded a $3 million grant from the U.S. Department of Energy, according to the Capital Times. The federal money, along with $9 million in venture capital funding, will support the company’s continued research of nuclear fusion energy production.
The fusion technology, developed out of the UW–Madison Physical Sciences Laboratory, is designed to allow for industrial-level heat and power generation with zero carbon production. Like wind and solar, it functions as an alternative, sustainable energy source.
The work being done by Realta Fusion comes from a UW–Madison research project looking into plasma stabilization in the fusion process. Fusion research has been conducted at the university since the 1960s.