The BizTimes reported that San Francisco-based Silicon Valley Bank, a division of First Citizens Bank, will provide $9.5 million in growth capital to Madison’s Realta Fusion.
Realta Fusion is one of dozens of global fusion companies reported by the Fusion Industry Association this year — and one of three spun out of the University of Wisconsin-Madison.
The process of nuclear fusion involves combining atomic nuclei to release energy. Since all matter is composed of atoms, this has the potential to transform how the world is powered, providing an inexhaustible, carbon-free energy supply.
Realta is on track to reach commercially viable fusion energy as soon as 2035, working in partnership with the university on a leading-edge project called WHAM.
