Blue Laser Fusion Secures $62.8M for Aneutronic Fusion Development
Blue Laser Fusion has raised $62.8 million to develop aneutronic fusion using proton-boron fuel. The company aims to construct a pilot reactor near Santa Barbara by 2032, potentially powering hundreds of thousands of homes.
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Blue Laser Fusion has raised a total of $62.8 million, with recent funding of $37.5 million from investors including SoftBank and Itochu. The company is focusing on aneutronic fusion, which utilizes proton-boron fuel, producing minimal neutrons, thereby simplifying reactor design and reducing radioactive waste.
A pilot reactor is planned for construction by 2032 to generate one gigawatt near Santa Barbara. The fusion sector is witnessing record private investments, with Commonwealth Fusion Systems securing $3.85 billion and Helion Energy valued at $15.5 billion.
However, skepticism remains, as no fusion reactor has produced net electricity, with commercial viability projected for 2050. The reliance on lithium-6 from Russia and China poses additional risks.
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