Renaissance Fusion, a Grenoble, France-based nuclear fusion tech startup, raised €15m in seed funding.
The round was led by Lowercarbon Capital, with participation from HCVC, Positron Ventures and Norrsken.
The company intends to use the funds to expand operations and its R&D efforts to commercialize the technology.
Co-founded by CEO and CTO Francesco Volpe, CPO Simon Belka, COO Diego Cammarano, and Martin Kupp, Renaissance Fusion
Between March and April 2022, Renaissance is a startup whose technologies aims to make stellarator fusion energy power plants a reality in the early 2030s. The company filed 11 patent families on high temperature superconductors and liquid metals. In September 2022, the company conducted the first, reduced-scale liquid metal experiments. The design of a Physical Vapour Deposition machine for the HTS manufacturing was completed shortly thereafter, with the goal to build it in-house as soon as possible. A liquid metal loop is under construction and on track to prove flowing liquid walls in a cylinder in early 2023. Renaissance is also building high-temperature superconducting coils.
FinSMEs
29/01/2023