Hines has submitted plans to build a 220K square foot R&D complex for startup Pacific Fusion at Alameda Point, the waterfront site of the former Naval Air Station Alameda.
Fremont-based Pacific Fusion, launched in 2023, is planning to develop a high-gain pulsed magnetic fusion energy driver at the facility, a demonstration project for a new power source that generates more energy than it consumes.
The startup, which raised $900M last year in Series A funding from investors including LinkedIn co-founder Reid Hoffman, is planning to enter a 24-month exclusive negotiating agreement with the city of Alameda to build the facility with Hines as its development partner.
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