Fusion energy startup Inertia Enterprises has raised $450 million to start developing a power plant that hinges on building the world’s most powerful lasers.
The Series A funding round was led by Bessemer Venture Partners and includes Threshold Ventures, Long Journey Ventures and GV (formerly Google Ventures). The Livermore, California-based company expects to begin construction in 2030 on a commercial power plant. It also plans to build a facility to make the lasers and a production line to supply millions of tiny pellets made of special materials that they intend to blast to trigger fusion reactions.
The scale of the funding reflects the growing ...