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HB11 Energy raised $A 4.6M in an over-subscribed pre-seed financing round.
HB11 Energy has launched its experimental program developing a new source of clean, safe and reliable electricity using the fusion hydrogen and boron-11 (the HB11 reaction).
New on the board: German entrepreneur, investor and multiple founder Lukasz Gadowski.
SYDNEY, Feb. 19, 2021 /PRNewswire/
HB11 Energy Holdings Pty Ltd recently closed its oversubscribed pre-seed fundraise at $A4.6M and commenced its experimental program after opening the round in April 2020.
This investment has established Australia s first commercial fusion energy company, which will now drive an international R&D program aimed at the Holy Grail of fusion energy research - to demonstrate net energy gain and prove that HB11 Energy can develop a clean, safe and virtually unlimited source of large-scale electricity production.
Fusion energy start-up HB11 Energy launched to accelerate German-Australian physicist Heinrich Hora s vision of clean, safe and abundant fusion energy prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.