Green Bay venture capital firm TitletownTech has announced an investment in Realta Fusion, a Madison-based startup developing fusion energy technology.
Yesterday’s announcement touted the startup’s “modular compact magnetic mirror” technology, which confines high-temperature plasma between two superconducting magnets. The powerful magnetic fields cause charged particles to bounce back and forth within the machine, in what’s known as the “mirror effect.”
TitletownTech says the technology “delivers clean, always-on energy,” offering a carbon-free energy source for powering various industries, including large data centers. The announcement focuses on the technology’s scalability for such applications.
“Fusion energy is not just an exciting possibility, it’s a necessary part of our energy future,” TitletownTech Managing Partner Craig Dickman said in a statement. “Realta stands at the intersection of clean energy innovation and the growing energy demands of AI, showcasing how Wisconsin can lead in creating solutions to global challenges.”
TitletownTech’s investment in Realta Fusion aligns with several of its key investment pillars: agriculture, water and energy; and emerging technologies.
A spokesperson for the VC firm — a partnership between Microsoft and the Green Bay Packers — declined to provide specifics on the investment but noted its check sizes range from $100,000 to $2 million. Its assets under management total $95 million, the spokesperson said in an email.
Kieran Furlong, co-founder and CEO of Realta, says the support from TitletownTech and other investors “not only validates our approach but also provides us with the strategic resources needed to address one of AI’s biggest challenges: energy consumption.”
The investment announcement comes after UW-Madison earlier this year announced a fusion device co-operated by Realta Fusion and the university generated plasma for the first time, calling it a “major milestone” for the Department of Energy-backed project. The university’s Wisconsin High-field Axisymmetric Mirror, or WHAM project, forms the basis of Realta Fusion’s technology.
See the release and find more information on Realta Fusion’s technology.
