Fidelity

Assembly Line

SHINE Technologies Raises $70 Million Financing Round to Accelerate the Commercialization of Near-Term Applications of Fusion Technology

đź“… Date:

đź”– Topics: Funding Event

🏢 Organizations: SHINE Technologies, Baillie Gifford, Fidelity


SHINE Technologies, LLC, a next-generation fusion technology company, today announced it has raised $70 million in additional funding. The round was led by existing investors including Baillie Gifford and Fidelity Management & Research Company, and also includes participation from new institutional investors. This round will complete the commercialization and scale-up of the company’s near-term applications of fusion technology, which are used in the industrial, defense, and healthcare markets.

SHINE is deploying a four-phased approach that commercializes fusion today while scaling its technology into the future. This approach provides important near-term economic and social benefits, while building a profitable foundation for the company to sustainably grow toward its longer term objectives in energy.

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