Realta Fusion has partnered with the U.S. Department of Energy (DOE) in support of the development of commercial fusion energy, the company announced recently.
According to a release, the company will leverage its compact magnet mirror fusion technology to advance the DOE’s mission of creating a world-leading fusion industry in the United States.
“This agreement provides funding and a framework for Realta Fusion to leverage expertise within DOE’s National Laboratories and other research institutions, and we’re delighted to be part of the select group of companies chosen by the DOE,” Realta Fusion CEO Kieran Furlong said in a statement. “Significantly, we will also engage with communities to earn a social license for fusion and develop the future workforce the industry needs.”
The agreement also includes funding for Realta Fusion in the first phase of the DOE’s Milestone-Based Fusion Development Program, which aims to accelerate the deployment of sustainable, clean and abundant fusion energy.