TechCrunch·3 min read·medium
Thea Energy lands $20M federal grant to build its magnets for fusion reactors
T
Tim De Chant
✦AI Summary
Fusion startup Thea Energy has secured a $20 million grant from the Department of Energy to advance its modular high-temperature superconducting magnet technology. The company aims to reduce the high manufacturing costs associated with stellarator-style fusion reactors by using standardized magnet templates.
For hard-tech startups, manufacturing is a pricey endeavor. Now, Thea Energy has a leg up courtesy of a Department of Energy grant.
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