Money flowing into fusion energy

Pacific Fusion, the company building shipping container-sized fusion prototypes, were able to release 440 gigawatts of peak power in just 80 nanoseconds. This feat unlocked another tranche of Pacific Fusion’s Series A round, which exceeds $1 billion, the company exclusively told TechCrunch.

Focused Energy “recently raised an oversubscribed $240 million Series A round, one of the largest early-stage rounds for a fusion power startup. “ Focused Energy has raised $300 million in total private capital and has “received $200 million in grants, collectively making it one of the most heavily funded fusion startups.”