Thea Energy lands $20M federal grant to build its magnets for fusion reactors

Thea Energy has received a $20 million grant from ARPA-E to support the development of its high-temperature superconducting magnets. These magnets are designed for use in fusion reactors, a key component in the pursuit of fusion power. The funding will enable Thea Energy to scale up production of the magnets, bringing the company closer to commercializing its technology. The grant is a significant boost to Thea Energy's efforts to advance fusion energy.

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