Astral Systems raises £23m Series A to scale multi-state nuclear fusion technology for medical radioisotopes
By
Kirstie Pickering
Summary
Bristol-based deep tech firm Astral Systems has raised £23m in Series A funding led by Mercia Ventures. The company has developed and commercialised a multi-state fusion technology, a novel form of nuclear fusion aimed at addressing fragile supply chains and potential global shortages of medical radioisotopes used in cancer diagnosis and treatment. The funding will support the development of a new facility at the former Berkeley Power Station, with plans to run multiple next-generation compact fusion reactors at full capacity by the end of 2026.
Source
bskyAstral Systems raises £23m Series A to scale multi-state nuclear fusion technology for medical radioisotopesuktech.newsKey quotes
· 2 pulledAstral Systems has created and commercialised a multi-state fusion technology – a new type of nuclear fusion that could tackle the fragile supply chain and potential global shortages of medical radioisotopes that impact cancer diagnosis and treatments.
With the Series A capital and its new facility being developed at the former Berkeley Power Station, the firm intends to run multiple next-generation compact fusion reactors at full capacity by the end of 2026.
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