Fusion startup Avalanche Energy has closed a $40 million Series A round led by Lowercarbon Capital, with a suite of other backers including Founders Fund and Toyota Ventures.
fusion can ever be commercialized, it heralds a promise of almost limitless power without the dangerous waste associated with traditional fission reactors.Avalanche said its seeing fresh successes in testing its small "micro-fusion" reactors, which it says enable "rapid development cycles at relatively low cost.
"Investors are increasingly interested in helping forge a pathway to viability for fusion, and there have beenAvalanche is among the startups featured in this"We want to build the smallest fusion reactor in the world. Then we’re talking about a project that’s maybe tens of millions of dollars, not billions, and you could actually do it with a small team," Avalanche CEO Robin Langtry tells the paper.
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