Madison-based Realta Fusion signed a partnership agreement with the U.S. Department of Energy (DOE) in support of the development of commercial fusion energy. This includes funding for Realta Fusion in the first phase of the DOE’s Milestone-Based Fusion Development Program, which aims to accelerate the deployment of sustainable, clean, and abundant fusion energy..
Under this agreement, Realta Fusion will leverage its compact magnet mirror fusion technology to advance the DOE’s mission of creating a world-leading fusion industry in the U.S. Realta Fusion is one of just eight companies selected for funding in the Milestone program.
Through the program, public funds are provided only upon achievement of targeted milestones, reducing the risk for U.S. taxpayers. Realta Fusion will be contributing significant cost shares toward successful completion of the milestones. The Milestone Program has a five-year timeline within which Realta Fusion will demonstrate technical progress towards a commercially feasible compact magnetic mirror fusion energy system and a design for a fusion pilot plant.
