Avalanche Energy Achieves Record 200Kv Electrostatic Fusion Milestone And Closes $40 Million Series A Funding Round
Avalanche Energy Achieves Record 200Kv Electrostatic Fusion Milestone And Closes $40 Million Series A Funding Round
04/24/23, 4:07 PM
Location
seattleMoney raised
$40 million
Industry
energy
Investors
Prime Impact Fund, The Climate Capital Syndicate, Mcj Collective, Autodesk, Clear Path, Grantham Foundation, Congruent Ventures, Toyota Ventures, Founders Fund, Lowercarbon Capital
Avalanche Energy, a fusion energy startup developing modular fusion micro-reactors, today announced that it achieved a record of 200 kilovolts in its micro-fusion reactor and closed a $40M Series A round led by Lowercarbon Capital, with major participation from Founders Fund and Toyota Ventures. Also following on their Seed round investment are Congruent Ventures, Grantham Foundation and Clear Path. New participants also included Autodesk, MCJ Collective and the Climate Capital Syndicate. Avalanche recently operated their second prototype reactor at 200 kilovolts making it the highest known operating voltage of any fusion device since the University of Wisconsin at Madison produced 190 kilovolts in a 2006 experiment
Company Info
Location
9100 e marginal way s
seattle, washington, united states
Additional Info
Avalanche Energy is a venture-backed, fusion energy start-up based in Seattle, WA. The company designs, tests and builds micro-fusion reactors barely larger than a football. Avalanche's modular reactor design can be stacked for near-endless power applications and unprecedented energy density to provide clean energy and decarbonize the planet. This unique approach enables rapid iterations of design, build, test, fix cycles for faster development and the rapid scalability that the planet needs. For more information, please visit avalanche.energy.