Type One Energy raises $200M with backing from Siemens Energy for fusion technology development.
PRIVATEOct 06, 2026
Amount Raised
$200 Million
Round Type
Venture
KnoxvilleEnergyRenewable EnergyBiomass Energy
Investors
SiteGround CapitalSiemens Energy VenturesLowercarbon CapitalClutterbuck CapitalBreakthrough Energy VenturesSiemens Energy
Description
Type One Energy has secured $200 million in funding with support from Siemens Energy. The capital will support the company's fusion energy technology initiatives. Siemens Energy's backing underscores confidence in Type One Energy's fusion approach. The funding strengthens Type One Energy's position in the advanced energy sector.
Company Information
Company
Type One Energy
Location
Knoxville, Tennessee, United States
About
Type One Energy Group is mission-driven to provide sustainable, affordable fusion power to the world. The company was formed in 2019 by a team of globally-recognized fusion scientists with a strong track record of building state-of-art stellarator fusion machines, together with veteran business leaders experienced in successfully scaling companies and commercializing energy technologies. Type One Energy applies proven advanced manufacturing methods, modern computational physics and high-field superconducting magnets to develop its optimized stellarator fusion energy system. Its FusionDirect development program pursues the lowest-risk, shortest-schedule path to a fusion power plant over the coming decade, using a partner-intensive and capital-efficient strategy.
Fundz sees it the moment Type One Energy raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
KnoxvilleEnergyRenewable EnergyBiomass Energy