About Helion Energy
Helion Energy is a fusion power company developing the world's first fusion generators, enabling a future with unlimited clean energy.
Headquarters
Helion Energy, Everett
Founded
2013-01-01
Industry
Energy, Environmental Engineering, Renewable Energy
Last Funding Type
Corporate Round
Valuation
11
Total Funding
$612.76 million dollars
IPO Status
Private
Financial
Helion Energy is advancing fusion power technology through research on magnetic field systems and plasma control. They are developing apparatuses for generating pulsating, high-strength magnetic fields to confine and control plasmas, and methods for harvesting energy from axially expanding plasma. Additionally, they explore advanced fuel cycles for fusion reactors, including field reverse configuration plasma reactors. These efforts aim to enhance the efficiency and effectiveness of fusion energy generation.
Helion Energy is in discussions with OpenAI to supply large quantities of fusion-generated electricity for data centers. The company aims to deliver a fusion power plant by 2028, backed by significant investment. Despite recent funding declines in the fusion sector, Helion Energy has achieved a power-output milestone, moving closer to commercial-scale fusion energy production.
Helion Energy is in discussions with OpenAI to supply large quantities of fusion-generated electricity for data centers. The company aims to deliver a fusion power plant by 2028, backed by significant investment. Despite recent funding declines in the fusion sector, Helion Energy has achieved a power-output milestone, moving closer to commercial-scale fusion energy production.
Funding Rounds
8
Number of Lead Investors
5
Total Funding Amount
$612.76 million dollars
Number of Investors
7