A Wellington-based start-up company, OpenStar Technologies, has received $35 million NZD from the Regional Infrastructure Fund to establish a new research facility and further their clean fusion power project. OpenStar’s prototype machine, “Junior”, achieved First Plasma, or the successful generation and containment of superheated ionized gas, in only two years. Junior is a levitated dipole fusion machine and the only one of its types designed for commercial-scale energy production, putting New Zealand on the map as a potential leader in the field of clean energy.
Avalanche energy, a fusion startup developing modular compact fusion machines, announced a new funding lead by RA Capital Management totalling $29 million USD. New investors include 8090 Industries, Overlay Capital and more alongside existing investors such as, Toyota Ventures and Founders Fund.
The funding reflects significant advances in performance of Avalanche’s technology and provides the private funds to complimenting the $10m USD grant issues in July 2025 by the Washington State Department of Commerce Green Jobs Grant.
Funding will primarily be used to scale FusionWERX, Avalanche’s commercial-scale fusion test facility and to build out their team and equipment.
SAXFUSION, the emerging fusion innovation network for Saxony, has been established to combine expertise from Helmholtz Zentrum Dresden-Rossendorf, Fraunhofer IWS, Fraunhofer IFAM, Technische University Dresden, and the Leibniz Institutes IFW Dresden and IOM Leipzig, to work on development of fusion technologies.
The initiative will focus on the four major areas of fusion technology development, namely laser and optical systems, fuel capsule development, radiation-resistant materials, and simulation and AI technologies. It aims to contribute to the development of fusion technology and industry, while at the same time creating an opportunity for industry, particularly SMEs, to benefit from the new fusion technology markets.
As an emerging fusion innovation network, SAXFUSION, with the support of regional and European funding, has set out to position Saxony as a competitive location for the new global fusion energy markets.
SAXFUSION, the emerging fusion innovation network for Saxony, has been established to combine expertise from Helmholtz Zentrum Dresden-Rossendorf, Fraunhofer IWS, Fraunhofer IFAM, Technische University Dresden, and the Leibniz Institutes IFW Dresden and IOM Leipzig, to work on development of fusion technologies.
The initiative will focus on the four major areas of fusion technology development, namely laser and optical systems, fuel capsule development, radiation-resistant materials, and simulation and AI technologies. It aims to contribute to the development of fusion technology and industry, while at the same time creating an opportunity for industry, particularly SMEs, to benefit from the new fusion technology markets.
As an emerging fusion innovation network, SAXFUSION, with the support of regional and European funding, has set out to position Saxony as a competitive location for the new global fusion energy markets.
Avalanche energy, a fusion startup developing modular compact fusion machines, announced a new funding lead by RA Capital Management totalling $29 million USD. New investors include 8090 Industries, Overlay Capital and more alongside existing investors such as, Toyota Ventures and Founders Fund.
The funding reflects significant advances in performance of Avalanche’s technology and provides the private funds to complimenting the $10m USD grant issues in July 2025 by the Washington State Department of Commerce Green Jobs Grant.
Funding will primarily be used to scale FusionWERX, Avalanche’s commercial-scale fusion test facility and to build out their team and equipment.
A Wellington-based start-up company, OpenStar Technologies, has received $35 million NZD from the Regional Infrastructure Fund to establish a new research facility and further their clean fusion power project. OpenStar’s prototype machine, “Junior”, achieved First Plasma, or the successful generation and containment of superheated ionized gas, in only two years. Junior is a levitated dipole fusion machine and the only one of its types designed for commercial-scale energy production, putting New Zealand on the map as a potential leader in the field of clean energy.
