Business
Realta Fusion Secures $9.5 Million Growth Capital Facility from Silicon Valley Bank, a division of First Citizens Bank
Silicon Valley Bank (SVB), a division of First Citizens Bank, today announced it has provided a growth capital facility of $9.5 million to fusion energy startup Realta Fusion (Realta).
About this update from First Citizens Bancshares, Inc.
[{"type":"text","content":"Financing to support advancement of magnetic mirror fusion technology ","length":69,"tagName":"p","attribs":{}},{"type":"text","content":"SAN FRANCISCO, Feb. 17, 2026 /PRNewswire/ -- Silicon Valley Bank (SVB), a division of First Citizens Bank, today announced it has provided a growth capital facility of $9.5 million to fusion energy startup Realta Fusion (Realta).","length":239,"tagName":"p"},{"type":"image","alt":"Silicon Valley Bank logo. (PRNewsFoto/Silicon Valley Bank)","displaySize":"","headline":null,"caption":"Silicon Valley Bank logo. (PRNewsFoto/Silicon Valley Bank)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":106,"url":"https://media.zenfs.com/en/prnewswire.com/cc018456ac393638d293cdcaaebe30bc"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/zJOaDKtVIWRxsz4i5ebQVA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTE4NztjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/cc018456ac393638d293cdcaaebe30bc","width":400,"height":106}},"href":"https://mma.prnewswire.com/media/133147/SVB_LOGO_v1.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Realta Fusion's technology is built to provide on-site industrial heat and power across a broad range of uses, including data centers, chemical processing, metal recycling, remote mining, and other heavy industrial operations. This latest financing will enable Realta to continue derisking the physics of its compact, scalable, and modular – CoSMo fusion™ – energy system on its path to commercialization.","length":409,"tagName":"p"},{"type":"text","content":""While our approach promises to be a lower capital path to fusion energy than some other concepts, we are still a deep tech company with significant capital needs," said Realta Fusion CEO and Co-Founder Kieran Furlong. "This debt financing made available to us by SVB is a powerful tool we can put to good use on the way to safe, clean, and reliable commercial fusion energy."","length":396,"tagName":"p"},{"type":"text","content":"Realta's system is based on the compact magnetic mirror concept, in which extremely strong magnets trap super-heated hydrogen gas between two ends of a simple cylinder. Hydrogen atoms within the cylinder collide and fuse together, releasing massive amounts of carbon-free energy that can be delivered as heat or electricity....