Cleaner Tech
Fusion Startup Raises Funds to Build Desktop-Sized Power Plants
Avalanche Energy wants to use the technology to power satellites and drones, though it remains far from building a commercial prototype.
Avalanche Energy is working to build small-scale fusion technology.
Photographer: Avalanche EnergyFusion startup Avalanche Energy Inc. has raised $29 million to develop reactors small enough to sit on a desk that it hopes can one day power satellites, underwater drones and remote bases.
The oversubscribed funding round was led by RA Capital Management and joined by new investor Overlay Capital and existing backers Congruent Ventures and Lowercarbon Capital.