First Citizens’ SVB Unit Provides $9.5M to Realta Fusion’s CoSMo Fusion Project
First Citizens Bank's Silicon Valley Bank unit has extended a $9.5M growth capital facility to Realta Fusion to support CoSMo fusion tech commercialization. The financing will fund derisking of Realta's magnetic mirror fusion system for on-site industrial heat and power across data centers, chemical processing and metal recycling.
1. Growth Capital Facility Terms
First Citizens Bank's SVB division extended a $9.5 million growth capital facility to Realta Fusion on Feb. 17, 2026. The debt financing will support derisking and development of its compact, scalable CoSMo fusion™ system with repayment terms keyed to advancement milestones.
2. CoSMo Fusion Technology
Realta Fusion's CoSMo fusion employs a compact magnetic mirror design using superconducting magnets to trap superheated hydrogen at 17 Tesla. It aims to deliver on-site industrial heat and power for sectors including data centers, chemical processing, metal recycling, and remote mining.
3. Strategic Implications for First Citizens
The facility underscores First Citizens Bank's continued focus on deep tech and clean energy lending through its Silicon Valley Bank arm. The deal enhances its growth capital portfolio and positions the bank in the emerging commercial fusion energy market.
4. Realta Fusion Background
Spun out of a University of Wisconsin-Madison fusion experiment, Realta Fusion previously secured $36 million in Series A funding led by Future Ventures and Khosla Ventures. Its inaugural plasma confinement at world-record 17 Tesla highlights progress toward commercial fusion solutions.