Helion Raises $500 Million, Targets 2024 For Demonstrating Net Electricity From Fusion
11/05/21, 11:00 AM
Location
everettMoney raised
$500 million
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.
Company Info
Location
everett, washington, united states
Additional Info
Helion is a fusion energy company focused on generating zero-carbon electricity from fusion. By building on the successes of its latest fusion prototypes, Helion is building the world’s first fusion electricity demonstration facility. Their pulsed non-ignition technology will be capable of low-cost 24/7 power generation that replaces the energy sources the world currently relies on, enabling a future with limitless, reliable and affordable clean electricity.