Seattle-based startup Avalanche Energy has secured $14.9 million in a new funding round aimed at advancing its compact fusion energy devices, as disclosed in a recent SEC filing. This follows the company’s previous funding of $50 million from various investors, including Chris Sacca’s Lowercarbon Capital and Toyota Ventures.
Avalanche Energy is distinguishing itself from competitors by focusing on desktop-sized energy devices and exploring multiple revenue streams. Its initiatives include producing neutrons for sectors such as advanced materials science and nuclear power, and it holds a contract with the Pentagon to develop technologies for space propulsion.
Last year, the company received a $10 million grant from the state to launch FusionWERX, a facility dedicated to testing fusion technologies in Eastern Washington. Avalanche is part of a growing fusion hub in the Pacific Northwest, which includes other companies like Helion Energy, recently starting construction on a fusion plant expected to generate grid power by 2028.