Fusion Energy Startups Raise Billions

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Shine Technologies

Public News Service | News in the Public Interest

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Science

As its fusion research continues, WI firm manages to make a profit

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79% Informative

Shine Technologies has raised nearly $800 million to deliver on the potential of generating cheap, abundant energy from fusion.

The fusion reaction is the primordial alchemical trick that powers our sun and propels spacecraft in science-fiction novels.

Despite almost a century of research, engineers have been unable to achieve its holy grail: continuously generating more power than was used to create a fusion reaction in the first place.

Shine ’s CEO wants his firm to scale the way historic deep-tech companies like semiconductor makers have done.

Shine will next move into medical-isotope production, then recycling spent nuclear fuel, and, ultimately, electrical power generation.

The global market for medical isotopes is about $6 billion a year.

The firm has received tens of millions of dollars from the Department of Energy's National Nuclear Security Administration .

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