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Why did Acceleron close a $24 million funding round?

Today, Acceleron announced it has closed a US $24 million funding round to help develop prototypes of key reactor components and has now completed 100 hours of continuous fusion at its test facility at the Paul Scherrer Institute in Villigen, Switzerland. The experiments are aimed at gathering data rather than producing useful amounts of energy.

What is Acceleron fusion?

Acceleron Fusion is the latest startup to take a swing at this challenging nuclear-energy technology, banking on a novel approach that uses beams of heavy subatomic particles called muons to achieve fusion at much lower temperatures.

How does Acceleron slash the energy required to produce muons?

Acceleron’s approach is to first try to slash the energy required to produce muons, in part by piggybacking on improvement in accelerator efficiency. This has jumped from around 20 percent in the 1980s to 50 percent today, Knaian says, and the U.S. Department of Energy targets 75 percent for next-generation accelerators.

Why did knaian & Acceleron get a $2 million grant?

Prompted by these advancements, Knaian and Acceleron cofounder Seth Newburg applied for a $2 million Advanced Research Projects Agency–Energy grant to investigate ways to boost the efficiency of the approach, which they received in 2020. They won another $500,000 in grant money from ARPA-E in 2023.

How hot can Acceleron fusion be?

Using this approach, Acceleron’s plant could operate below 1,000 °C — not exactly “cold” fusion, but not nearly as hot as other strategies such as magnetic confinement or inertial confinement. These other fusion approaches require temperatures in the millions of degrees to heat fuel until it becomes a plasma.