Type One Energy secures $200M Series B for stellarator fusion plant

First reported by The Economic Times at · Updated · 3 sources

The round brings the company's total funding to more than $400 million, according to The Economic Times, and Type One did not disclose its valuation. Breakthrough Energy Ventures and Clutterbuck Capital co-led it, according to RuntimeWire. The money will fund an engineering prototype and Project Infinity in Tennessee, with a grid-connected plant targeted for 2034.

  • PitchBook data ranks it the third-biggest fusion Series B in five years, per The Economic Times.
  • The company is pursuing a stellarator design, according to RuntimeWire.
  • TechCrunch describes its approach as lean.

Covered by 3 publishers within 11 hours of the first report.

Reporting3

The Economic Times Type One Energy raises $200 million to develop world’s first commercial fusion reactor
TechCrunch Type One Energy raised $200M to build a fusion power plant by 2034 · Tim De Chant
RuntimeWire Type One Energy raises $200M to see if its stellarator works as advertised · Ryan Merket