A Madison startup’s quest to push the bounds of clean industrial energy through nuclear fusion has just gained federal backing in the form of a $3 million grant from the U.S. Department of Energy.
The federal money, in concert with another $9 million in venture capital funding, supports Kieran Furlong and his company, Realta Fusion Inc., as they continue to research fusion energy production that would allow for industrial-level heat and power generation with zero carbon production.
“It’s a program kind of modeled on the program that NASA used with SpaceX and other commercial space companies to basically bring the private sector in to do things on a faster timeline than could be done by public agencies,” Furlong said.
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