Horne Technologies, Inc is a company that has revolutionized the energy industry by developing and operating the world's first continuous-operation enabled, superconducting, high-beta style fusion research device known as the Horne Hybrid Reactor. This groundbreaking technology is equipped with superconducting REBCO coils capable of 0.5T each, operating within a pressure range of 1.0x10^-8 to 1 Torr, and utilizing pumped liquid nitrogen cryogenic cooling. With a simple heating and measurement system and 3A current injection, the company achieved the first plasma in 2017. Currently, the second-generation prototype is under construction and is expected to generate vital data for determining the scale and parameters necessary to reach net energy. This next iteration is projected to be fully operational by 2019 and aims to push the boundaries of energy innovation. Founded in 2008 and headquartered in the United States, the company recently secured a significant $1.65M Venture Round investment on 10 March 2022, showcasing its potential and attracting attention from investors in the energy and renewable energy sectors. For more information, interested parties can visit their website at www.hornetechnologies.com.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Series A | $1.65M | - | 10 Mar 2022 |
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