Realta Fusion is positioning itself successfully in the turbulent fusion energy sector by securing $36 million in Series A funding to finalize its Anvil prototype reactor design. CEO Kieran Furlong stated that this investment will ensure the project is 'shovel ready.' The company aims for future funding to facilitate the construction of its reactor, targeting an initial power generation cost of $100 per megawatt-hour, with hopes of reducing it to $40. Realta, spun out of the University of Wisconsin, has ambitious plans for commercial fusion energy within a decade.
Realta aims to finalize the Anvil prototype reactor design, working towards a Series B fundraising to build it after raising $36 million in their Series A round.
The startup's goal is to achieve power generation costs of $100 per megawatt-hour, with aspirations to reduce costs to $40 as technology advances.
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