Blue Laser Fusion (BLF) has raised $25 million in funding to develop a prototype reactor that it says could achieve the world’s first fusion for energy generation for power grids.
BLF says its laser technology enables a Mega Joule pulse energy laser with a fast repetition rate to achieve commercial fusion.
The firm plans to complete its first prototype in 2025, and then demonstrate a commercial-ready fusion reactor by 2030.
BLF says that it intends to use a safe hydrogen-boron fuel called HB11 for sustainable and environmentally friendly operations. It adds that HB11 is not radioactive, free from harmful neutrons, yields safe helium elements, and is a naturally abundant mineral.
HB11, according to the firm, can be used to create a clean energy system for providing power to homes, businesses, and electric vehicles.
The major investors in the Series Seed funding round are Jafco Group and Sparz Group. BLF says the new funding will expand its research and development operations in the Santa Barbara area and Tokyo to develop its prototype commercial reactor.