New Zealand lends OpenStar up to NZ$35 million for a fusion research facility

OpenStar Technologies/Junior levitated dipole

The New Zealand government is lending OpenStar up to NZ$35 million from its Regional Infrastructure Fund to build a purpose-built facility for its next fusion machine. The aim is to scale up its research, attract international investment and create high-value jobs.

• Loan of up to NZ$35M from the Regional Infrastructure Fund.
• Funds a facility for OpenStar's next machine, Tahi.
• OpenStar is led by founder Dr Ratu Mataira.