Fusion Startup Raises $450 Million in Bid to Make Power Using World’s Biggest Lasers
Inertia Enterprises relies on the only fusion technology proven to generate net power in a lab.
A rendering of Intertia Enterprise’s fusion technology.
Source: Inertia Enterprises
Fusion energy startup Inertia Enterprises has raised $450 million to start developing a power plant that hinges on building the world’s most powerful lasers.
The Series A funding round was led by Bessemer Venture Partners and includes Threshold Ventures, Long Journey Ventures and GV (formerly Google Ventures). The Livermore, California-based company expects to begin construction in 2030 on a commercial power plant. It also plans to build a facility to make the lasers and a production line to supply millions of tiny pellets made of special materials that they intend to blast to trigger fusion reactions.