The urgent need to reduce energy insecurity, manage global warming, and build a truly sustainable energy future has been sparked by mounting concerns about climate change, skyrocketing energy prices, and escalating geopolitical unrest. Although renewable energy sources have served as workable short-term fixes, they are insufficient long-term alternatives to fossil fuels due to their unpredictable energy supply.
Consequently, nuclear fusion energy startup NT-Tao has raised $22M in a Series A round of funding, led by Fortune 500 downstream energy company Delek US and NextGear Ventures. Other investors who participated were Honda, OurCrowd, and the Grantham Foundation, which also served as the company’s lead investor in its seed round.
With this additional money, the Israeli tech NT-Tao will be able to expand its workforce, quicken the development of upcoming prototypes, and construct a new research centre. Developing a compact system for nuclear fusion, NT-Tao has now totalled $28M in funding as of now.
In an effort to achieve energy breakeven, the firm will refine its technology for next prototypes to provide an endless source of energy for a low-carbon, sustainable future.
A key component of NT-Tao’s Super Stabilized Confined Plasma (SSCP) technology is the Critical Angular Momentum Plasma Stabilizer. With NT-unique Tao’s ultra-fast heating technology, the company claims it will be able to operate at a density 1000x higher than current leading solutions. An ideal plasma regime produces a 1,000,000x greater fusion reaction, resulting in significantly more efficient energy production.
“NT-Tao is rapidly headed towards developing a high-density, compact fusion reactor to provide the cleanest form of sustainable energy to mitigate the pending climate crisis,” said Oded Gour-Lavie, CEO and Co-founder of NT-Tao. “We’re proud to be the first Israeli fusion energy company pioneering the next generation of fusion energy to enable an era of limitless power and global energy security. With the support of industry-leading investors, NT-Tao is moving at a rapid pace of development to ensure that the commercialization of fusion energy becomes a reality.”
“We are dedicated to partnering with companies developing breakthrough technologies that will make a significant impact on the world, and NT-Tao fits perfectly into our partnership framework. We not only invested in the company, we also brought in with us top-notch global players to co-invest and open up collaboration opportunities for the company,” said Dr. Tal Cohen, Managing Partner at Next Gear Ventures. “Clean energy sources are an inherent and imperative component of securing a sustainable future. The compact, modular approach pioneered by NT-Tao stands out in a competitive marketplace and represents a game changer not only for the mobility sector but in how humanity will harness and democratize energy and revolutionize the world for generations to come.”
NT-Tao was founded by Oded Gour-Lavie, Doron Weinfeld, and Boaz Weinfeld in order to move the world away from conventional energy sources like oil, natural gas, and coal and toward fusion energy technology, which is the cleanest, most sustainable energy source and the surest path to a decarbonized future. With its headquarters in Israel, NT-Tao emerged from stealth in 2022 and is dedicated to providing a safer and cleaner alternative to traditional energy sources.