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Commonwealth Fusion Systems (CFS) announced it will receive $85 million from the U.S. Department of Commerce under the CHIPS Act. The award also gives the government a stake in CFS. The funds will go toward R&D and manufacturing capacity for chips and power electronics used in fusion power plants. CFS plans to switch on its Sparc reactor …
Helion, a fusion startup, announced a three-year, $175 million award from the U.S. Department of Commerce under the CHIPS Act. The money will fund R&D and manufacturing of advanced semiconductors and power electronics for its fusion power plants. Helion also disclosed a new $50 million private investment from an undisclosed investor, brin…
Pascal, a startup co-founded by CEO Adam Slavney and CTO Jinyoung Seo, raised $8.5 million in a follow-on to its seed round. The round was co-led by Sazze Partners and LB Investment, with participation from KDB Silicon Valley. The company is developing a solid-state refrigeration approach that compresses carbon dioxide into cartridges hol…
GM confirmed to TechCrunch that it will close the Brownstown Battery Assembly Plant south of Detroit, as first reported by Automotive News. The site assembled battery packs for the Cadillac Celestiq and electric drive units and battery packs for the Chevrolet Corvette E-Ray. A GM spokesperson said the closure is unrelated to its EV strate…
Electric Plant, a startup co-founded by CEO Justin Mast and neuroscientist Lee von Kraus, raised an $11.2 million seed round led by Onto Ventures and Climactic. The company is commercializing low-cost plant-mounted sensors and Bombadil, a model trained on electrical signals from about 125 plant species. The goal is to give growers real-ti…
Amazon is funding development of a proposed 960-megawatt nuclear plant near Terre Haute, Indiana, and would be the first customer for its power, according to an announcement on Monday. American Electric Power (AEP) would operate the plant, and X-energy would supply 12 Xe-100 small modular reactors. The site is a demolished coal plant. The…
GM announced its fourth-generation EV platform at its annual GM Forward event in New York. The platform is built around new battery chemistries, revamped electric motors and a new central computing platform and electrical architecture. The Central Compute Unit (CCU) is 40 times more powerful than current systems and is expected to cut wir…
