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NearStar Fusion
AddedFeb 18, 2024
UpdatedJun 18, 2026
NearStar Fusion

NearStar Fusion

Angel

NearStar Fusion: Developing cost-effective, reliable fusion power plants using existing technologies.

HQ
Chantilly, VA, US
Founded
2021
Overview
Compare
Fundraising
Employees
Website

NearStar Fusion, founded with the mission to provide clean, safe, and simple fusion energy, focuses on developing fusion power plants using a tritium-free pulsed impact fusion approach. The company leverages extensive experience with hypervelocity plasma railguns to create cost-effective and reliable energy solutions. By utilizing existing materials and technologies, NearStar Fusion aims to reduce development time, construction, and operating costs, while enhancing operational reliability and longevity. Their market focus is on decarbonizing the $2.5 trillion annual energy market.

Notable affiliated people include a team of experts in fusion technology and energy systems, although specific names are not provided. NearStar Fusion has attracted investments through equity crowdfunding platforms like StartEngine, enabling broader participation in their mission. Key achievements include the development of a simplified fusion power plant design that avoids major investments in new material science or complicated supply chains. The company's overall impact lies in its potential to provide the world with always-on, clean fusion energy, contributing significantly to global decarbonization efforts.

NearStar Fusion - Similar Companies

Realta Fusion logo

Realta Fusion

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Focused Energy logo

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Cortex Fusion Systems logo

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Fusion Energy Solutions logo

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Deuterium Energetics logo

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Helion Energy

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Type One Energy logo

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Blue Laser Fusion logo

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NearStar Fusion - Quick Facts

Who are NearStar Fusion's competitors?

Companies similar to NearStar Fusion include Realta Fusion, Commonwealth Fusion Systems, Focused Energy and Cortex Fusion Systems.

When was NearStar Fusion founded?

NearStar Fusion was founded in 2021.

Where is NearStar Fusion's headquarters located?

NearStar Fusion's headquarters is located in Chantilly, VA, US.

When was NearStar Fusion's last funding round?

NearStar Fusion's most recent funding round was for $50k (USD) in November 2023.

How much has NearStar Fusion raised to-date?

As of Nov 3, 2023, NearStar Fusion has raised a total of $390k (USD).

How many employees does NearStar Fusion have?

NearStar Fusion has 5 employees as of Feb 5, 2024.

NearStar Fusion - Classification

Industry
  • Hardware
Ownership
  • Venture Capital
Geographic Exposure
  • Global
Revenue
  • Recurring
Customer
  • Enterprise
  • Government
Main Product
  • Fusion Energy
Tags
  • Cleantech
NAICS
  • 220000Utilities
  • 221000Utilities
  • 221100Electric Power Generation, Transmission and Distribution
  • 221110Electric Power Generation
  • 221113Nuclear Electric Power Generation
SIC
  • 4900Electric, Gas, And Sanitary Services
  • 4910Electric Services
  • 4911Electric Services
Show 4 more industry codes
NAICS
  • 221114Solar Electric Power Generation
SIC
  • 1300Oil And Gas Extraction
  • 1380Oil And Gas Field Services
  • 1382Oil And Gas Field Exploration Services