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SHINE Technologies raises $70 million to accelerate commercialization of near-term applications of fusion technology

Press releases may be edited for formatting or style | October 13, 2023 Molecular Imaging

"The success of Lu-177-based cancer treatments in extending patients' lives around the world is exciting. SHINE's unique approach is solving critical problems in the radioisotope supply chain and helping get these medicines to the people who need them," said Luke Ward, Investment Manager at Baillie Gifford. "We look forward to continuing our partnership as SHINE scales its fusion technology to tackle even bigger challenges and create a safer, healthier and cleaner world."


About SHINE Technologies
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SHINE deploys its safe, cost-effective and environmentally friendly fusion technology in a stepwise approach. Its systems are used to inspect industrial components in aerospace, defense, energy and other sectors. SHINE's proprietary medical isotope production processes currently create non-carrier-added lutetium-177 and are expected to create molybdenum-99 once its medical isotope production facility, The Chrysalis, is operational. These important medicines are used in tens of thousands of daily procedures to diagnose and treat heart disease, late-stage cancer, and other serious illnesses. In the future, SHINE plans to scale its fusion technology to help solve one of energy's toughest hurdles by recycling nuclear waste. Through a purpose-driven and phased approach, SHINE aims to generate fusion power to deliver clean, abundant energy that could transform life on Earth. Learn more at shinefusion.com and follow us @shinefusion.

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