Helion Achieves New Industry-First Fusion Energy Milestones, Accelerating Path to Commercial Fusion
Helion, a Washington-based fusion energy company, announced that its Polaris prototype has set new fusion industry benchmarks, becoming the first privately developed fusion energy machine to demonstrate measurable deuterium-tritium (D-T) fusion and achieve plasma temperatures of 150 million degrees Celsius (MºC). Both milestones mark significant breakthroughs in Helion’s vision to make commercially viable fusion energy a reality and are firsts for the private fusion industry.
Helion Secures Land and Begins Building on the Site of World’s First Fusion Power Plant
Helion, a Washington-based fusion energy company, today announced that it has begun work on the site of its first fusion power plant, Orion, marking a major step in bringing fusion electricity to the grid. Located in Chelan County, Washington, the site was chosen for its ready access to transmission and legacy of energy innovation.
Helion Announces $425M Series F Investment to Scale Commercialized Fusion Power
Helion, a fusion energy company, today announced a $425 million Series F investment round that will be used to scale commercialization efforts for the company’s groundbreaking fusion technology. The oversubscribed and upsized round had participation from new investors, including Lightspeed Venture Partners, SoftBank Vision Fund 2, and a major university endowment, and existing investors including Sam Altman, Mithril Capital, Capricorn Investment Group, Dustin Moskovitz through Good Ventures Foundation, and Nucor. This latest round of funding will bring the total invested in Helion to over $1 billion and values the company at $5.425 billion post-money.
Helion and Nucor Announce Collaboration to Deploy 500 MWe Fusion Power Plant
Helion, a fusion power company, and Nucor Corporation, the largest steel producer and recycler in North America, today announced an agreement to develop a 500 MWe fusion power plant at a Nucor steel manufacturing facility in the United States. This collaboration is aimed at accelerating the future of clean energy in the industrial manufacturing sector.
Helion announces world’s first fusion energy purchase agreement with Microsoft
Helion Energy (Helion) today announced an agreement to provide Microsoft electricity from its first fusion power plant. Constellation will serve as the power marketer and will manage transmission for the project.
Helion Raises $500 Million, Targets 2024 for Demonstrating Net Electricity from Fusion
Helion, a clean energy company committed to creating a new era of plentiful, zero-carbon electricity from fusion, today announced the close of its Series E raise of $500 million. The round was led by Sam Altman, whose involvement in the company as investor and chairman dates back to 2015. Existing investors, including Dustin Moskovitz, Mithril Capital and Capricorn Investment Group also participated in the round. The funding includes the opportunity for an additional $1.7 billion dollars tied to Helion reaching key performance milestones.
