NT-Tao, an Israeli startup developing nuclear fusion as an alternative energy, raised $22 million in a Series A round of funding led by Delek US – a Fortune 500 downstream energy company – and NextGear Ventures, with additional participation from Honda, OurCrowd and the Grantham Foundation, the lead investor in the company’s seed round. The latest investment round brings NT-Tao’s total funding to $28M.
Israel has always been at the forefront of the development of alternative energies. With little if any natural resources of its own, Israel has been using solar energy since the country’s birth. And today it is a world leader in solar and wind farm developments.
Co-founded by Oded Gour-Lavie, Doron Weinfeld, and Boaz WeinfelNT-TAO declares that its mission is to revolutionize the global energy sector by providing a clean, flexible, and scalable nuclear fusion technology that will enable the world to sustainably meet its energy needs and decarbonization goals. We are committed to bringing this technology to commercialization, and to making a direct impact on energy-security for all future generations.
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The company boasts that its proprietary “ultra-fast plasma heating method” will enable it to reach 1000 times higher density than other fusion reactors, thereby making its fusion reaction 1 million times more effective and resulting in significantly greater efficiency of energy production than other leading solutions. Emerging from stealth in 2022 and headquartered in Israel, NT-Tao is dedicated to offering the world a cleaner and safer energy alternative.
“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.”