Realta Fusion, a fusion energy startup founded in the fall of 2022, received $12 million from the federal government and other organizations to design a magnetic bottle device that could help reduce the reliance industries that make common materials like plastic have on fossil fuels, Realta said.
That company was spun out of a two-year project at UW-Madison led by physics professor Cary Forest, who is Realta’s co-founder and chief scientific officer. The money for that project — $10 million — came from the U.S. Department of Energy’s Advanced Research Project’s Agency-Energy, or ARPA-E program.