TechCentralTechCentral
    Facebook Twitter YouTube LinkedIn
    Facebook Twitter LinkedIn YouTube
    TechCentralTechCentral
    NEWSLETTER
    • News

      MTN hires outgoing Icasa CEO Willington Ngwepe into top role

      16 August 2022

      Rain in embarrassing climbdown over Telkom statement

      16 August 2022

      Jo’burg to issue RFP for 500MW of electricity ‘within weeks’

      16 August 2022

      Load shedding returns, and may last until Thursday

      16 August 2022

      Coal miner Seriti plans R12-billion Mpumalanga wind farm

      16 August 2022
    • World

      Semiconductor boom turns to bust

      16 August 2022

      Tencent plans to offload R400-billion Meituan stake: sources

      16 August 2022

      Ether leaps higher on verge of Merge

      16 August 2022

      Institutions eye crypto but retail investors remain nervous

      15 August 2022

      Tencent woes mount, even after $560-billion selloff

      12 August 2022
    • In-depth

      African unicorn Flutterwave battles fires on multiple fronts

      11 August 2022

      The length of Earth’s days has been increasing – and no one knows why

      7 August 2022

      As Facebook fades, the Mad Men of advertising stage a comeback

      2 August 2022

      Crypto breaks the rules. That’s the point

      27 July 2022

      E-mail scams are getting chillingly personal

      17 July 2022
    • Podcasts

      Qush on infosec: why prevention is always better than cure

      11 August 2022

      e4’s Adri Führi on encouraging more women into tech careers

      10 August 2022

      How South Africa can woo more women into tech

      4 August 2022

      Book and check-in via WhatsApp? FlySafair is on it

      28 July 2022

      Interview: Why Dell’s next-gen PowerEdge servers change the game

      28 July 2022
    • Opinion

      No reason South Africa should have a shortage of electricity: Ramaphosa

      11 July 2022

      Ntshavheni’s bias against the private sector

      8 July 2022

      South Africa can no longer rely on Eskom alone

      4 July 2022

      Has South Africa’s advertising industry lost its way?

      21 June 2022

      Rob Lith: What Icasa’s spectrum auction means for SA companies

      13 June 2022
    • Company Hubs
      • 1-grid
      • Africa Data Centres
      • Altron Document Solutions
      • Amplitude
      • Atvance Intellect
      • Axiz
      • BOATech
      • CallMiner
      • Digital Generation
      • E4
      • ESET
      • Euphoria Telecom
      • IBM
      • Kyocera Document Solutions
      • Microsoft
      • Nutanix
      • One Trust
      • Pinnacle
      • Skybox Security
      • SkyWire
      • Tarsus on Demand
      • Videri Digital
      • Zendesk
    • Sections
      • Banking
      • Broadcasting and Media
      • Cloud computing
      • Consumer electronics
      • Cryptocurrencies
      • Education and skills
      • Energy
      • Fintech
      • Information security
      • Internet and connectivity
      • Internet of Things
      • Investment
      • IT services
      • Motoring and transport
      • Public sector
      • Science
      • Social media
      • Talent and leadership
      • Telecoms
    • Advertise
    TechCentralTechCentral
    Home»Sections»Investment»Bill Gates invests in nuclear fusion start-up

    Bill Gates invests in nuclear fusion start-up

    Investment By Agency Staff2 December 2021
    Facebook Twitter LinkedIn WhatsApp Telegram Email
    Bill Gates. Image: Kuhlmann /MSC

    Commonwealth Fusion Systems said it raised US$1.8-billion from investors including billionaire Bill Gates and venture capitalist John Doerr in the fusion industry’s largest financing deal.

    Tiger Global Management led the series-B funding round, attracting new backers that also included Marc Benioff’s Time Ventures and Emerson Collective, CFS said in a statement on Wednesday. The Cambridge, Massachusetts-based company will use the money to build and operate a demonstration system and to begin construction on a commercial fusion reactor that may be complete in the early 2030s.

    The company has raised more than $2-billion since it was founded in 2018 after being spun out from Massachusetts Institute of Technology. A growing number of companies are seeking to develop commercial fusion-based power plants, the same process that powers stars. The funding round signals that fusion is gaining traction despite significant technological hurdles that still remain.

    “The world is ready to make big investments in commercial fusion as a key part of the global energy transition,” CEO Bob Mumgaard said in the statement.

    Conventional nuclear plants use fission, the process of splitting atoms, to generate energy. Fusion is the opposite, capturing energy that’s produced when atoms slam together and fuse into heavier elements. It doesn’t generate carbon emissions or toxic waste, and supporters say it may play a key role in the global effort to fight climate change.  — Will Wade, (c) 2021 Bloomberg LP

    Bill Gates Commonwealth Fusion Systems John Doerr Tiger Global Management
    Share. Facebook Twitter LinkedIn WhatsApp Telegram Email
    Previous ArticleWhat’s different about cryptocurrency trading in South Africa?
    Next Article Omicron reinfection symptoms remain mild as case numbers soar

    Related Posts

    MTN hires outgoing Icasa CEO Willington Ngwepe into top role

    16 August 2022

    Rain in embarrassing climbdown over Telkom statement

    16 August 2022

    Jo’burg to issue RFP for 500MW of electricity ‘within weeks’

    16 August 2022
    Add A Comment

    Comments are closed.

    Promoted

    HPE SimpliVity: addressing SMBs’ data conundrums

    16 August 2022

    Digital transformation – don’t get caught unprepared

    16 August 2022

    Seven reasons your business needs IP surveillance cameras

    15 August 2022
    Opinion

    No reason South Africa should have a shortage of electricity: Ramaphosa

    11 July 2022

    Ntshavheni’s bias against the private sector

    8 July 2022

    South Africa can no longer rely on Eskom alone

    4 July 2022

    Subscribe to Updates

    Get the best South African technology news and analysis delivered to your e-mail inbox every morning.

    © 2009 - 2022 NewsCentral Media

    Type above and press Enter to search. Press Esc to cancel.