Meet Renaissance Fusion, a Grenoble-based startup that has been working on nuclear fusion for the past couple of years. The company recently raised $16.4 million (€15 million) in funding in a seed round led by Lowercarbon Capital.
Several European investors also participated in the round, such as HCVC, Positron Ventures and Norssken.
“We are proud to support Francesco Volpe and his team in the emergence and industrialization in France and in Europe of a disruptive solution in energy production and distribution technologies. Grenoble is a highly strategic location that allows them to benefit from a favorable environment for the development of nuclear energy, a strong ecosystem such as the CEA, and an unrivaled pool of talent,” Alexis Houssou, Founder and Managing Partner at HCVC, said in a statement.
Unlike most nuclear fusion experiments that are based on tokamaks, Renaissance Fusion is working on a Read Entire Article
