Fusion Energy Startup Thea Energy Secures $20 Million in Federal Funding for Manufacturing High-Performance Nuclear Fusion Magnets
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Nuclear fusion startup Thea Energy has received $20 million in funding from the U.S. Department of Energy's Advanced Research Projects Agency (ARPA-E) for the production of modular high-temperature superconducting magnets. These magnets are critical components of nuclear fusion reactors, and Thea Energy aims to reduce costs by minimizing magnet variants and uniformly coordinating arrays of small magnets.