M H.’s Post

Congratulations to the stellar team at Proxima Fusion, who just announced a €20M seed round (pre-empted and oversubscribed) to accelerate the timeline to building the first generation of fusion power plants, continuing their mission to lead Europe into a new era of clean energy, for good. This team and company represent Europe at its best – bringing audacious vision, radical ambition, world-class science and talent, public-private partnership, and visionary public investment together to create a viable path to fusion. As Ian Hogarth said early on: “I believe stellarators will leapfrog other approaches to fusion. Most critically they are the only approach that can operate in steady state (not pulsed) without disruptions. And Proxima Fusion as the spin out from W7-X is the team to take this foundation and put fusion on the grid.” redalpine led this round, with participation from Bayern Kapital, German government backed DeepTech & Climate Fonds, and the Max Planck Foundation. We’re thrilled to double down on our early commitment alongside our friends UVC Partners, TOMORROW from Visionaries Club, HTGF | High-Tech Gründerfonds and Wilbe. Shout out to co-founders Francesco Sciortino Jonathan Schilling Martin Kubie Lucio Milanese Jorrit Lion and entire Proxima Fusion team, who are building something very special and globally consequential from Munich. This is GDP-level impact in the making. More on the news below from TechCrunch's Mike Butcher ✍️

Big moves in clean energy! Pacific Fusion just blew the doors off the funding game with a staggering $900 million Series A—led by none other than General Catalyst. This isn't just another startup; this is fusion energy—the holy grail of sustainable power. Co-founders Eric L., Will Regan, and Keith LeChien have stacked the deck with a team that reads like the Avengers of nuclear fusion, pulling talent from Lawrence Livermore National Laboratory, ARPA-E, and Sandia National Laboratories. Yeah, they're serious! What makes this round extra slick? It’s milestone-based. This is money with a mission—capital unlocked as they hit key targets, keeping things sharp, and ensuring progress is real, not hype. Pacific Fusion’s pulsed magnetic fusion approach is not only built on proven science but also strategically aligned with some of the biggest breakthroughs in fusion tech. General Catalyst said it best: "We had doubts... until we met this team." With a focus on modular, fast-iterating designs and a goal to outpace traditional fusion methods, these guys are pushing the boundaries—and their approach just might be the game-changer the energy sector has been chasing. With this capital infusion, Pacific Fusion is primed to turn sci-fi into reality. Clean, limitless energy might just be closer than we think. Congrats to the team on securing this milestone, and here’s to a future powered by fusion. #CleanTech #CleanEnergy #FusionEnergy #FusionTech #VentureCapital #StartupFunding #BigAssSeriesA #TechEcosystem #Innovation #Technology #ForwardProgress

Steady Energy, a Finnish spin-out company, has secured funding from Lifeline Ventures and Yes VC to accelerate its research and development efforts. The funding will enable Steady Energy to develop its LDR-50 nuclear reactor, delivering carbon-neutral heat to homes, offices, and industrial applications, with plans to start the first plant by 2030.⚡ #news #Finland #startups #investments

#LongStoryShort: Could this substantial investment in a fusion startup signal better times for venture dealmaking? Co-founded by MIT alumni Conner Galloway and Alexander Valys, Xcimer Energy Corporation has recently raised a $100 million Series A. The Denver-based company is focused on advancing nuclear fusion technology for clean energy. Xcimer's approach includes a redesigned laser system for higher energy output and a reactor that uses a molten salt waterfall to generate energy and protect the reactor walls. "The type of inertial fusion we’re pursuing has the best long-term economics,” Galloway told TechCrunch. Hedosophia, a London-based investment firm, has led the funding round with participation from a number of other managers. Xcimer plans to use the capital to develop a demonstration-scale laser system in the next two years. The Xcimer deal may also signal a revived interest in startup investing after a two-year slump. Although activity remains subdued and many investors exercise caution, global early-stage funding increased in the first quarter while some VCs predict European startup investing to return to growth in 2024, according to a recent Financial Times article. #PrivateMarkets #EnergySolutions #Fusion #DealMaking

We’re thrilled to share that Navid Samandari, Head of Ventures at The Footprint Firm, will be joining us as an honorary opening speaker at the Rethink Cities Innovation Award! 🚀 As the co-founder of groundbreaking nuclear energy company Seaborg Technologies, which is pioneering next-generation nuclear solutions, Navid is no stranger to the complexities of working with the public sector to grow and scale a company. His insights will be invaluable for any energy company looking to secure support for innovative projects and navigate the regulatory landscape effectively. In addition to his keynote address, we are excited to announce our collaboration with The Footprint Firm, a leader in sustainable investment and innovation. As part of our partnership, The Footprint Firm will be leading an exclusive roundtable discussion at the Rethink Cities Innovation Awards. We believe that strong partnerships with forward-thinking organisations like The Footprint Firm are key to accelerating the transition to greener, more resilient cities. Their expertise in supporting businesses to navigate the challenges of sustainability makes them an ideal partner for our journey toward a carbon-neutral future. By joining forces, we aim to empower startups and innovative companies to overcome obstacles, scale their solutions and make real progress toward decarbonising cities. Don’t miss this incredible opportunity to be part of the conversation and drive change. 👉 Get your ticket here: https://lnkd.in/ewm4anwa 👉 Apply for the award here: https://lnkd.in/d6G3RGjy 📅 See you in Sønderborg on November 18! #RethinkCities #CircularEconomy #PublicPrivatePartnerships #Sustainability #UrbanInnovation #NetZero

🔋🌍 In the realm of #EnergyTechInnovations, the world is witnessing unprecedented advancements that are fundamentally transforming our access and consumption of energy. Venture capital is playing a pivotal role, fueling a suite of trailblazing initiatives. These include 𝗔𝗜 𝗳𝗼𝗿 𝗼𝗽𝘁𝗶𝗺𝗶𝘇𝗶𝗻𝗴 𝗽𝗼𝘄𝗲𝗿 𝗰𝗼𝗻𝘀𝘂𝗺𝗽𝘁𝗶𝗼𝗻, 𝗜𝗼𝗧 𝗳𝗼𝗿 𝗲𝗻𝗵𝗮𝗻𝗰𝗶𝗻𝗴 𝗲𝗻𝗲𝗿𝗴𝘆 𝗲𝗳𝗳𝗶𝗰𝗶𝗲𝗻𝗰𝘆, and 𝗕𝗹𝗼𝗰𝗸𝗰𝗵𝗮𝗶𝗻 𝗳𝗼𝗿 𝗽𝗲𝗲𝗿-𝘁𝗼-𝗽𝗲𝗲𝗿 𝗲𝗻𝗲𝗿𝗴𝘆 𝘁𝗿𝗮𝗱𝗶𝗻𝗴, reshaping the energy landscape. The future of energy is also being shaped by breakthrough technologies such as Advanced Nuclear, Carbon Capture and Storage, and Lithium-Air Batteries. Let's spotlight some startups leading the way in these areas: 🔸 𝗔𝗱𝘃𝗮𝗻𝗰𝗲𝗱 𝗡𝘂𝗰𝗹𝗲𝗮𝗿: Terrestrial Energy is innovating with Integral Molten Salt Reactor (IMSR) technology, a significant evolution in nuclear power safety and efficiency. 🔸 𝗖𝗮𝗿𝗯𝗼𝗻 𝗖𝗮𝗽𝘁𝘂𝗿𝗲 𝗮𝗻𝗱 𝗦𝘁𝗼𝗿𝗮𝗴𝗲: Climeworks, a Swiss-based startup, is developing direct air capture technology that can capture CO2 directly from the air and store or convert it. 🔸 𝗟𝗶𝘁𝗵𝗶𝘂𝗺-𝗔𝗶𝗿 𝗕𝗮𝘁𝘁𝗲𝗿𝗶𝗲𝘀: PolyPlus, a California-based startup, is pioneering Lithium-Air batteries that promise to revolutionize the future of electric vehicles. However, the path to a sustainable energy future is not without challenges. 𝗥𝗲𝗴𝘂𝗹𝗮𝘁𝗼𝗿𝘆 𝗵𝘂𝗿𝗱𝗹𝗲𝘀, 𝗵𝗶𝗴𝗵 𝗶𝗻𝗶𝘁𝗶𝗮𝗹 𝗰𝗼𝘀𝘁𝘀, and 𝘁𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝘆 𝗮𝗱𝗼𝗽𝘁𝗶𝗼𝗻 𝗿𝗮𝘁𝗲𝘀 are significant barriers. Yet, they also represent opportunities. As we continue to innovate, we'll find new ways to overcome these obstacles, driving down costs, improving efficiencies, and fostering widespread adoption. In the energy tech sector, the challenges are as real as the opportunities. But with each passing day, we're getting closer to a future where 𝗰𝗹𝗲𝗮𝗻, 𝗲𝗳𝗳𝗶𝗰𝗶𝗲𝗻𝘁, and 𝘀𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗹𝗲 𝗲𝗻𝗲𝗿𝗴𝘆 is not just a possibility, but a reality. #EnergyTech #VentureCapital #Innovation #FutureOfEnergy #Sustainability #StartupSpotlight Marvelous - the science catalyst firm U-Path Savia Ventures GlassDollar The Westly Group Assembly Ventures Corbiota

As the price of fuel goes up and its quantity and availability diminish the cost of fission-generated electricity will increase and make fission even costlier to build and use in 39 countries out of 195 and the fuel according to the UN has only enough at present consumption for 250 years and if fission is trebled even less and thorium systems are also similar and only have an interim use in energy generation—renewables with grid-attached hydrogen generators and batteries for the future with fusion. Which nuclear for the world's future limited fuel short-term fission of long-term fusion.?

Build Fusion energy generators Your talk as Nuclear (meaning only Fission) and fails to talk about fusion. https://lnkd.in/ge_aeX7M You are, as the nuclear fission industry is, ignorant of what's happening around you. Pull your uranium heads out, start adjusting your industry to fusion energy and start preparing to enter the commercially growing fusion energy industry. As it dawns on Earth like the sun. Great Headline Guardian on Nuclear fission. https://lnkd.in/g8sMZtpR Fission is moving towards obsolescence at an accelerated pace, as it is "out of step, out of time, out of place," and merely a temporary industry globally. https://lnkd.in/gbd_mZqk Commercial fusion electrical generation is a promising and innovative method of producing sustainable and clean energy. By 2028, Helion is expected to start producing electricity from its first fusion commercial power plant, which will provide electricity to Microsoft. The plant will produce at least 50 MWe after an initial ramp-up period. https://lnkd.in/gY9J3MQY Now see what news is happening in the Fusion industry in the world. https://lnkd.in/g9hMBD7a As fission trebles, fission fuel shortage is increasingly real, as linked below. https://lnkd.in/gze5rwpr

Japanese companies are sprinting to create momentum for #fusionpower.🏃♂️ Twenty-one firms, including Sumitomo Corporation, IHI Corporation, FURUKAWA ELECTRIC GROUP, and #startups, unveiled the #Japan Fusion Energy Council last month, also known as J-Fusion. 🚀 This consortium aims to accelerate technological advancements in fusion and advocate for government policies regarding safety regulations and standards. Meanwhile, the #US and #UK vigorously pursue fusion power, witnessing significant global industry expansion. 🌍 In terms of #investments, Commonwealth Fusion Systems secured over $2 billion, followed by TAE Technologies, Inc with over $1.2 billion. 💰 In contrast, Japanese companies amassed a total of just over $98 million, with Kyoto Fusioneering leading with $91 million. Helical Fusion, which concluded its last funding round in October 2023, is now seeking additional capital. 💼 Additionally, governments are intensifying their cooperation on fusion as nations strive to embrace the transition to #cleanenergy. 🤝 #cleantech #powergeneration #nuclearfusion https://lnkd.in/dDNZhBeH

🦄 According to Sifted, #UK based #NuclearEnergy startup newcleo is on a mission to raise €1 billion in equity this year. 🛂 Privately funded and headquartered in #London, newcleo was launched in 2021 – and since raised a total of € 400 million and aims to be an innovator in the field of nuclear energy. ☢ newcleo develops small modular reactors (SMRs) fuelled with radioactive waste, and the first close could come as soon as April, founder and CEO Stefano Buono tells Sifted. ⚠ If newcleo lands the billion Euro round, the raise will be the second largest in the nuclear sector globally — and the largest, by some way, in Europe. 🎫 Its mission is to generate safe, clean, economic and practically inexhaustible energy for the world, through a radically innovative combination of existing, accessible technologies. 🦄 With visionary co-founders; Elisabeth Rizzotti, Stefano Buono, Michele Battistin, and Maribel Lopera Sierra, newcleo capitalises on thirty years of R&D activity in metal-cooled fast reactors and liquid-lead cooling systems, and our senior management and advisory team can boast hundreds of years in cumulative hands-on experience. 🏭 newcleo plans to complete a research facility in Italy by 2026, as well as a fuel processing plant and a demonstrator reactor in France by 2030. And that’s before it launches its first revenue-making commercial reactor — possibly in the UK, says Stefano Buono — sometime after 2033 and then — eventually — deploys a fleet of its reactors across Europe. ☢ To get there, it will need to find big cheque investors with the patience of saints and convince governments to cough up their nuclear waste. 🔻 Read Sifted 's, by Kai Nicol-Schwarz full article here: https://lnkd.in/gntJaArS 🔦 We at the Swiss Chamber of Commerce in The Netherlands (SCCN) wish newcleo nothing but 💪 for their 2024 € 1 billion raise! . . . . Brought to you by The Digital Socialitez - Official digital marketing and social media management partner of Swiss Chamber of Commerce in The Netherlands (SCCN) . . . #SwissChamberofCommerceInTheNetherlands #SCCN #BusinessExpansion #EuropeanMarket #MarketAccess #StrategicGrowth #BusinessOpportunities #BusinessGrowth #Entrepreneurs #Startups #Investors #Europeannews #euronews #Europeaninvestment  #Europeaninvestments #Europeanfunding #TechUK #TechGermany #TechFrance #TechNetherlands #TechSweden #StartupNetherlands #StartupSweden #StartupNorway #StartupSwitzerland