NearStar Fusion

Fusion Machine Developer

https://www.nearstarfusion.com External Link

Founding Year

2021

Location

Chantilly, Virginia, USA

Company Founders

Douglas Witherspoon

Christopher Faranetta

Leadership

Amit Singh, CEO

Christopher Faranetta, Vice President

Douglas Witherspoon, President and Chief Scientist

Description

NearStar Fusion is pursuing Magnetized Target Impact Fusion (MTIF). This approach envisions a railgun which launches 50 gram projectiles at 10 km/s at pure deuterium fuel targets which are magnetized upon impact. If successful, a power plant based on this design could deliver 50-100MWe of electricity to the grid.

Funding received (nondilutive)

DateAmountFunder(s)Description
October 31, 2023$50,000Grant External Link
September 07, 2023$265,000SBIR External Link
October 19, 2022$75,000Grant External Link