Realta Fusion is nearing a final decision in its site selection process for the planned “Realta Forge,” a dedicated R&D facility for fusion energy development.
The Madison-based startup company recently landed $9.5 million in new financing from a California bank, building on more than $45 million in venture capital investment the business has raised in recent years.
In addition to covering pay for staff, CEO Kieran Furlong says the new debt facility financing from Silicon Valley Bank will help Realta Fusion establish itself in a new space, enabling the critical next phase of scaling up its fusion machines…