Avalanche Energy receives $10M Green Jobs Grant from Washington State

Deal Analysis

Avalanche Energy's receipt of a $10 million Green Jobs Grant from the Washington State Department of Commerce signifies a strategic investment in the development of its commercial FusionWERX test facility. This financing will support the buildout of the facility, furthering Avalanche Energy's efforts in clean energy solutions. The grant underscores Washington State's commitment to fostering green jobs and advancing innovative technologies within the nuclear energy sector. This deal is notable for its focus on fusion energy, a potentially transformative technology. While the $10 million grant is relatively modest in the context of large-scale infrastructure projects, it represents a significant endorsement of Avalanche Energy's technology and its potential to contribute to the clean energy transition. The involvement of a state government entity further validates the project and provides a degree of stability. The deal also highlights the growing interest in public-private partnerships to accelerate the development and deployment of advanced energy technologies.

Avalanche Energy receives $10 million Green Jobs Grant from Washington State.
Grant supports the buildout of Avalanche's commercial FusionWERX test facility.
Focus on fusion energy, a potentially transformative technology.
Involvement of a state government entity validates the project.

Market Context: The nuclear energy sector is undergoing a period of innovation, with increased investment in advanced technologies like fusion. Governments are playing an active role in supporting these developments through grants and other incentives, aiming to accelerate the transition to cleaner energy sources.

Source Intelligence

KEY DETAILS

Avalanche Energy received a $10 million grant from the Washington State Department of Commerce Green Jobs Grant Program in July 2025. Quote: "The funding reflects significant recent advances in the performance of Avalanche's compact fusion technology and provides the private matching funds for Avalanche's $10M grant issued in July 2025 by the Washington State Department of Commerce Green Jobs Grant Program, as well as additional capital to fund the company's continued commercial growth."

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Deal Size

Avalanche Energy , a fusion energy startup developing modular compact fusion machines, today announced $29 million in new funding led by RA Capital Management.

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Location

The funding will primarily be deployed to scale FusionWERX , Avalanche's commercial-scale fusion test facility located in Richland, WA.

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Announcement

SEATTLE , Feb. 3, 2026

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COD

FusionWERX will provide critical testing infrastructure for fusion technologies, materials development, and workforce training while serving as the site for Avalanche's own Q>1 deuterium-tritium test program aimed at demonstrating the world's first net-energy compact fusion system.

PARTIES MENTIONED IN SOURCE

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RA Capital Management investor

"Avalanche Energy , a fusion energy startup developing modular compact fusion machines, today announced $29 million in new funding led by RA Capital Management."

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8090 Industries investor