Realta Fusion signs deal with Madison Gas and Electric

Science

TechCrunch

Realta Fusion announced a partnership with Madison Gas and Electric to explore building a 200-megawatt grid-connected fusion plant in Wisconsin in the mid-2030s, and the utility also made an undisclosed equity investment. Realta is converting an old Oscar Mayer factory in Madison into an R&D facility and will gain access to interconnection sites, engineering assistance, and financing for the eventual plant. The deal joins a small but growing set of utility-startup partnerships that give startups capital-efficient de-risking and give utilities early access to technology that could supply round-the-clock, fossil-free power as demand increases.

Realta and Madison Gas to explore a 200 megawatt fusion plant