New and recently funded Energy Startups
1
Country: USA | Funding: $1.5B
TAE Technologies is on a course to commercial fusion energy. It's fusion machine design is compact and linear so a commercial fusion power plant would be easily expandable for mass manufacturing. TAE is pursuing fusion with hydrogen-boron (a.k.a. p-B11 or p11B) because it is plentiful and radiation-free, making it the most sustainable option for running and maintaining commercial fusion power plants. TAE’s method to generate fusion power is called Advanced beam-driven Field-Reversed Configuration (FRC). All together, TAE’s approach to fusion can deliver a affordable product that has high energy density, high availability of fuel and no risk of pollution, proliferation, breakdown or toxic waste, making it the ultimate clean energy source.
TAE Technologies is on a course to commercial fusion energy. It's fusion machine design is compact and linear so a commercial fusion power plant would be easily expandable for mass manufacturing. TAE is pursuing fusion with hydrogen-boron (a.k.a. p-B11 or p11B) because it is plentiful and radiation-free, making it the most sustainable option for running and maintaining commercial fusion power plants. TAE’s method to generate fusion power is called Advanced beam-driven Field-Reversed Configuration (FRC). All together, TAE’s approach to fusion can deliver a affordable product that has high energy density, high availability of fuel and no risk of pollution, proliferation, breakdown or toxic waste, making it the ultimate clean energy source.
2
Country: USA | Funding: $2.9B
Commonwealth Fusion Systems is collaborating with MIT to create SPARC - the world's first fusion device that produces plasma that generates more energy than consumes. This compact, high-field tokamak will be built using high-temperature superconducting (HTS) magnets. CFS technology uses the new superconductor Rare Earth Barium Copper Oxide (REBCO) to produce the most powerful and most compact fusion magnets. Once SPARC is built, the company plans to build the world's first fusion power plant capable of generating hundreds of megawatts of power. CFS research is funded by the U.S. Department of Energy.
Commonwealth Fusion Systems is collaborating with MIT to create SPARC - the world's first fusion device that produces plasma that generates more energy than consumes. This compact, high-field tokamak will be built using high-temperature superconducting (HTS) magnets. CFS technology uses the new superconductor Rare Earth Barium Copper Oxide (REBCO) to produce the most powerful and most compact fusion magnets. Once SPARC is built, the company plans to build the world's first fusion power plant capable of generating hundreds of megawatts of power. CFS research is funded by the U.S. Department of Energy.
3
Country: Canada | Funding: $569.1M
Eavor is developing next-generation geothermal technologies. Unlike traditional geothermal systems (which require either direct access to hot aquifers or hydraulic fracturing), Eavor-Loop extracts heat from hot rock through conduction. Hot rock is found virtually everywhere beneath our feet, meaning Eavor can extract energy from virtually anywhere on the planet. Eavor-Loop is a closed-loop geothermal system drilled deep into the Earth via a series of multi-lateral wells. The system contains and circulates a patented working fluid that transfers heat from the rock. The fluid circulates naturally, without the need for an external pump, thanks to the thermosiphon effect. The heat is then used in commercial heating systems (e.g., greenhouses, district heating) or to generate electricity using conventional heat to power motors.
Eavor is developing next-generation geothermal technologies. Unlike traditional geothermal systems (which require either direct access to hot aquifers or hydraulic fracturing), Eavor-Loop extracts heat from hot rock through conduction. Hot rock is found virtually everywhere beneath our feet, meaning Eavor can extract energy from virtually anywhere on the planet. Eavor-Loop is a closed-loop geothermal system drilled deep into the Earth via a series of multi-lateral wells. The system contains and circulates a patented working fluid that transfers heat from the rock. The fluid circulates naturally, without the need for an external pump, thanks to the thermosiphon effect. The heat is then used in commercial heating systems (e.g., greenhouses, district heating) or to generate electricity using conventional heat to power motors.
4
Country: Singapore | Funding: $2M
AVEVAI focuses in a few key industries like new energy vehicles, logistics, R&D on graphene and in AI machine learning technology. To complete the vision, the company created four pillars to make this startup a success.
AVEVAI focuses in a few key industries like new energy vehicles, logistics, R&D on graphene and in AI machine learning technology. To complete the vision, the company created four pillars to make this startup a success.
5
Country: France | Funding: €42.8M
NAWATechnologies has developed an innovative, economically competitive Ultra-Fast Carbon battery, applied nanotechnology.
NAWATechnologies has developed an innovative, economically competitive Ultra-Fast Carbon battery, applied nanotechnology.
6
Country: USA | Funding: $40.6M
Qnovo fundamentally improves the consumer mobile experience by re-imagining one of the most basic foundations of mobility – the battery and how it is charged. Qnovo improves mobile device battery performance with patented adaptive fast charging algorithms to produce tangible consumer, carrier and mobile OEM benefits
Qnovo fundamentally improves the consumer mobile experience by re-imagining one of the most basic foundations of mobility – the battery and how it is charged. Qnovo improves mobile device battery performance with patented adaptive fast charging algorithms to produce tangible consumer, carrier and mobile OEM benefits
7
Country: Denmark | Funding: $45.5M
Green Hydrogen Systems believes that electrolysers have a great potential to become a core technology in green and renewable energy.
Green Hydrogen Systems believes that electrolysers have a great potential to become a core technology in green and renewable energy.
8
Country: USA | Funding: $120K
SolarFi provides solar-powered, transparent enclosure or pods for businesses, restaurants, municipalities and other groups. The enclosures come equipped with WiFi, heating and cooling.
SolarFi provides solar-powered, transparent enclosure or pods for businesses, restaurants, municipalities and other groups. The enclosures come equipped with WiFi, heating and cooling.
9
Country: China | Funding: CN¥1.5B
Neo Fusion is building and operating BEST (Burning Plasma Experimental Superconducting) tokamak at the Institute of Plasma Physics of the Chinese Academy of Sciences. It utilizes "burning plasma" i.e., regime close to self-sustaining nuclear fusion. Neo Fusion is 50% controlled by state-owned energy companies (China National Petroleum Corporation and Hefei Science Island) and the Chinese Academy of Sciences. The company plans to use nuclear fusion technology to produce enterprise energy appliances, providing businesses with clean energy technologies that generate electricity without generating radioactive waste.
Neo Fusion is building and operating BEST (Burning Plasma Experimental Superconducting) tokamak at the Institute of Plasma Physics of the Chinese Academy of Sciences. It utilizes "burning plasma" i.e., regime close to self-sustaining nuclear fusion. Neo Fusion is 50% controlled by state-owned energy companies (China National Petroleum Corporation and Hefei Science Island) and the Chinese Academy of Sciences. The company plans to use nuclear fusion technology to produce enterprise energy appliances, providing businesses with clean energy technologies that generate electricity without generating radioactive waste.
10
Country: USA | Funding: $5.9M
New Sun Road is a public benefit corporation developing data-driven IoT technology solutions.
New Sun Road is a public benefit corporation developing data-driven IoT technology solutions.
