Helion Energy is a fusion power company developing the world’s first fusion electricity demonstration facility, a major milestone in clean energy innovation. The company’s breakthrough lies in its pulsed non-ignition technology, which generates controlled fusion reactions without relying on continuous ignition. This approach reduces complexity and costs, making fusion power more scalable and economically viable. Designed for 24/7 electricity generation, Helion’s technology has the potential to replace fossil fuels and other traditional energy sources. By pioneering a limitless, reliable, and clean energy solution, Helion is shaping the future of global power generation.
Helion Energy has raised $425 million in a Series F round, valuing the company at $5.4 billion. The round included participation from new investors Lightspeed Venture Partners, SoftBank Vision Fund 2, and a university endowment, as well as existing investors Sam Altman, Mithril Capital Management, Capricorn Investment Group, Good Ventures, and Nucor Corp.
Helion Energy, Everett, Washington, United States, was founded in 2013 by Chris Pihl, David Kirtley, George Votroubek, and John Slough. In 2021, the company joined the unicorn club. Helion Energy operates in the clean energy market, focusing on providing fusion-generated electricity to large industrial and technology companies. “We are on the brink of delivering a transformative energy solution that can meet the world’s increasing electricity demands while preserving U.S. energy leadership,” said co-founder and CEO David Kirtley.
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