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The funding round has seen the participation of prominent new shareholders including Centaurus Capital and GD1.
US energy company Type One Energy has completed an $82.4m seed financing round aimed at advancing the commercialisation of fusion power.
The FusionDirect programme, expected to lead to the launch of a fusion pilot power-plant project by 2030, has garnered interest from a diverse group of global investors.
The funding round has seen the participation of prominent new shareholders, including Centaurus Capital and GD1 from New Zealand, along with Foxglove and other Australian funds.
Type One Energy not only drew in new investors to the fusion sector but also secured substantial commitments from seasoned industry investors. Among them is John Arnold, co-founder of Breakthrough Energy Ventures and founder of Centaurus Capital.
Breakthrough Energy Ventures official Carmichael Roberts stated: “The successful commercialisation of fusion energy will play a critical role in achieving clean, abundant energy. |