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NearStar Fusion

Fusion Machine Developer
Funding (Nondilutive): 3
NearStar Fusion logo

Founding Year

2021

Location

United States flag Chantilly, Virginia, United States

Company Founders

Christopher Faranetta

Douglas Witherspoon

Leadership

Amit Singh, CEO

Douglas Witherspoon, President and Chief Scientist

Christopher Faranetta, Vice President

Website

www.nearstarfusion.com

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)

October 30, 2023

programGrant

$50,000

FundersFairfax Founders Fund
AnnouncementGrant

September 6, 2023

programSBIR

$265,000

FundersNational Science Foundation (NSF)
AnnouncementSBIR

October 18, 2022

programGrant

$75,000

FundersVirginia Innovation Partnership Corporation (VIPC)
AnnouncementGrant
NearStar Fusion logo

Founding Year

2021

Location

United States flag Chantilly, Virginia, United States

Company Founders

Christopher Faranetta

Douglas Witherspoon

Leadership

Amit Singh, CEO

Douglas Witherspoon, President and Chief Scientist

Christopher Faranetta, Vice President

Website

www.nearstarfusion.com

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