Madison-based deep tech startup Type One Energy has closed a $29 million seed funding round.

Type One Energy’s fusion solution involves the use of stellarator technology, which is based on magnetic-confinement fusion, using 3D-shaped magnetic fields to keep particles at high enough temperatures for nuclei to fuse.

Fusion energy, the power of the stars, is inherently safe, according to the company. On Earth, only a fraction of a gram of fuel can be burnt before the process self-terminates, and any abnormal event will lower the temperature of the fuel and extinguish the burn.

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