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UK kickstarts StarMaker One to boost UK fusion power

Summary by eeNews Europe

The UK government is providing £20m to kickstart an investment fund for fusion power technology. The StarMaker One fund aims to raised up to £150m (€175m, $200m) to help fusion businesses and start-ups in the sector grow and commercialise at scale. This is the first early-stage fusion energy venture capital fund outside the US and the […] The post UK kickstarts StarMaker One to boost UK fusion power appeared first on eeNews Europe.

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bimplus.co.uk

Government backs fusion energy fund with £20m

British fusion investment fund Starmaker One has received a £20 million boost from the UK government to kickstart growth. The government hopes the cash injection will help firms in the fusion energy sector train their workforce in physics, engineering and chemistry, boost private investment, and ultimately help startups scale commercially. Energy minister Kerry McCarthy said: “We are backing British pioneers to secure the clean energy of the …

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eeNews Europe

UK kickstarts StarMaker One to boost UK fusion power

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Open Access Government

The government invests to strengthen the UK fusion energy industry

In hopes of strengthening the UK’s position as a global leader in clean energy, the government has announced a £20 million investment into the ‘Starmaker One’ fusion energy fund This new partnership, the first of its kind between the government and private sector, hopes to unlock an additional £100 million for the burgeoning fusion energy industry. Supporting fusion energy projects The government’s funding will provide a strong boost to fusion b…

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New Civil Engineer

Government places £20M in fusion energy sector fund and targets £100M private investment

The UK government has unveiled a £20M investment to launch Starmaker One, a private fusion investment fund aimed at bolstering businesses in the burgeoning fusion energy sector. The post Government places £20M in fusion energy sector fund and targets £100M private investment appeared first on New Civil Engineer.

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theenergyst.com

Government kickstarts £100 million fusion investment fund

A first of its kind partnership between the government and private sector could see over £100 million invested into the UK’s growing fusion energy industry. Today (03 April) the government has announced £20 million to kickstart ‘Starmaker One’ – a British private fusion investment fund that will help fusion businesses and start-ups in the sector grow and commercialise at scale. It is expected the upfront investment will unlock further investm…

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