TDK Ventures co-leads next round of financing in fusion-innovator Type One Energy
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Madison, Wis. -based deep-tech startup Type One Energy is injecting new life into the development of fusion technologies through their innovations in magnetic confinement - Using frontier additive manufacturing and advanced engineering design, Type One Energy is pushing continuous-operation stellarator technology to the next generation
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TDK Ventures invests in Type One Energy to accelerate a shared vision for a better energy future with fusion leading the way to complete decarbonization, boundless energy reserves, and greater energy affordability - Other co-leads include
Breakthrough Energy Ventures andDoral Energy-Tech Ventures
Fusion energy, the power of the stars, is inherently safe, because, on Earth, only a fraction of a gram of fuel can be burnt before the process self-terminates, and any off-normal event will lower the temperature of the fuel and extinguish the burn. The same foundation that makes fusion so safe is what also makes the process difficult. To be successful, the right conditions must be met, forcing enough particles together for a long enough period and at a hot enough temperature to enable fusion. The vast majority of fusion concepts involve pulsed operation, which requires a significant development to be used as a steady-state continuous baseload power plant – an ability, when unlocked, would tap into the projected
To resolve these limitations, Type One Energy's fusion solution leverages stellarator technology, which is based on magnetic-confinement fusion, using carefully 3D-shaped magnetic fields to keep particles at high enough temperatures for nuclei to fuse. This is the most advanced "continuous" fusion reactor concept yet with its largest demonstration project, the Wendelstein 7-X (W7-X) reactor showing improving results and charting a path toward the energy breakeven. However, to achieve such an effective magnetic field, it has historically been difficult to engineer and manufacture complex geometry non-planar magnets with high precision. Taking a novel approach to the problem, Type One Energy leverages additive manufacturing and world-renowned expertise to design a system that can overcome the technical engineering challenges of the past. With the founding team consisting of world-renowned scientists, who built some of the world's most optimized stellarators in the past and spurred on by funding from the
"We are honored to be chosen by
"Fusion represents the possibility of complete energy transformation and decarbonization, which can provide humanity the bright and green future we are all endeavoring to find," states
"Fusion is the ultimate energy source, and its successful commercialization will be a huge leap towards achieving clean and abundant energy for everyone," said
"Type One Energy has shown the promise of stellarator technology, effectively integrating advances in high-temperature superconductors to deliver a viable path to fusion power at scale," said
Along with financial backing,
The implications of fusion as a pathway for safe nuclear energy, given past historical events, cannot be overstated. To date, all industrial nuclear power plants have relied on fission – a chain reaction driven process that while excellent for power generation, if left unchecked can result in catastrophic safety concerns such as meltdown. The reason fusion is inherently safe is that it is the opposite process. Atoms are forced together until bonding occurs releasing energy. If any failure occurs, there is no safety issue, only the cessation of power generation. Nuclear power, with no meltdown risk.
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About Type One Energy
Type One Energy utilizes stellarator physics and engineering to bring a remarkable fusion power system to commercialization through innovations in high-temperature superconducting magnets and additive manufacturing. Our mission is to bring about a post-scarcity energy era powered by stellarator power plants fueled only by deuterium from water. For more information visit https://www.typeoneenergy.com/.
About
Founded by
BEV is a part of Breakthrough Energy, a network of investment vehicles, philanthropic programs, policy advocacy and other activities committed to scaling the technologies we need to reach net-zero emissions by 2050. Visit www.breakthroughenergy.org to learn more.
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