OpenStar Technologies is developing levitated dipole reactors using High Temperature Superconductors to generate baseload fusion power for the electrical grid. This technology aims to eliminate reliance on fossil fuels by providing a reliable and sustainable energy source.
Funding
$12M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
OVFounders
Product
Problem
The world's reliance on fossil fuels for baseload power generation contributes significantly to climate change and environmental degradation. Existing renewable energy sources like solar and wind are intermittent, requiring energy storage solutions or backup power from fossil fuels.
Solution
OpenStar Technologies is developing levitated dipole reactors (LDRs) utilizing High Temperature Superconductors (HTS) to generate continuous, baseload fusion power for the electrical grid. This technology aims to provide a sustainable and reliable energy source, reducing dependence on fossil fuels. The company is building a "Marsden Class" device using HTS to demonstrate the scalability of LDRs for fusion energy production. Subsequent "Rutherford" class devices will produce fusion reactions to address remaining physical unknowns, paving the way for power-positive "Hasegawa Class" reactors that deliver energy to the grid.
Target Audience
The primary target audience includes utility companies, energy providers, and industrial consumers seeking a reliable and sustainable baseload power source.
Features
- Levitated dipole reactor (LDR) design for plasma confinement
- High Temperature Superconductors (HTS) for generating strong magnetic fields
- "Marsden Class" devices for demonstrating LDR scalability
- "Rutherford" class devices for fusion reaction research
- "Hasegawa Class" devices for baseload power generation