Madison-based Realta Fusion, an early-stage fusion company spun out of the University of Wisconsin-Madison, is one of eight companies chosen by the U.S. Department of Energy to help advance research and development for fusion power plants.
Realta will receive an unspecified amount from a $46 million pool of funding awarded through the Milestone-Based Fusion Development Program.
“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,” said Kieran Furlong, chief executive officer of Realta Fusion. “Significantly, we will also engage with communities to earn a social license for fusion and develop the future workforce the industry needs.”
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