Realta Fusion and Madison Gas and Electric (MGE), along with its parent company MGE Energy Inc., recently announced a strategic partnership to explore the joint development of a 200-megawatt electric (MWe) fusion energy power plant in Wisconsin.

“Our agreement with MGE to explore the opportunity to build out a fusion power plant is a clear signal that fusion’s time is coming,” Realta CEO Kieran Furlong said in a statement. “Fusion energy will be the ultimate source for zero-carbon electricity for humanity’s growing needs, and now we have a forward-thinking partner in MGE ready to help us make fusion real.”

According to a release, MGE Energy made a direct equity investment in Realta in the first phase of the partnership and will provide the tech company with equipment, engineering and technical support, along with assistance for siting, permitting, interconnection and financing the anticipated 200-MWe plant.

As previously reported, Realta announced its plans to lease approximately 250,000 square feet of office and industrial space for the company’s research and development facility at OM Station.