Helion Energy

Valuation $11B

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 may be growing as evidenced by reports of ongoing talks with OpenAI to supply large quantities of fusion power, indicating a significant potential deal that could enhance revenue. Additionally, the company is highlighted in discussions about the future of clean energy, suggesting a positive reputation in the energy sector. Furthermore, Helion Energy's ambitious goal to achieve a fusion energy breakthrough by mid-2024, as reported by a credible news source, demonstrates a forward momentum in their operations and technological advancements.

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.
Funding Rounds 8
Number of Lead Investors 5
Total Funding Amount  $612.76 million dollars
Number of Investors 7

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