Helion raises $425M to help build a fusion reactor for Microsoft
Helion's unorthodox approach to fusion power and relative secrecy has earned it plenty of fans — and critics. But don’t count its investors among the naysayers. © 2024 TechCrunch. All rights reserved.
Nuclear fusion startup Helion to build ‘world’s first’ power plant after raising $425 million
A nuclear fusion startup backed by OpenAI founder Sam Altman has raised nearly half a billion dollars to build what it hopes to be the world’s first power plant using the next-generation energy source.
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,
A private start-up called Helion aims to have a working fusion reactor by 2028
Building a working nuclear fusion reactor has proven to be a daunting challenge even for multiple wealthy nations, as we've seen with the much-delayed ITER project. However, a private start-up called Helion thinks it can build one and start supplying energy by 2028 by taking a different approach than other reactors.
Fusion power startup Helion raises $425M in funding
According to TechCrunch, Helion will use its $425 million funding round to upgrade its manufacturing capabilities. The company currently relies on external suppliers to provide it with capacitors, a type of energy storage device. Helion hopes that moving capacitor manufacturing in-house will enable it to significantly speed up production.
Helion secures $425m funding to commercialise its fusion technology
US-based fusion energy company Helion has raised $425m investment to advance the commercialisation of its fusion energy technology.
Fusion Startup Helion Powers Up With $425M Series F
Fusion startup Helion locked up a $425 million Series F — valuing the company at $5.4 billion — as the company looks to satiate Big Tech’s appetite for energy sources as power needs increase.
Helion raises $425 mln from SoftBank's venture arm, hits $5.4 bln valuation
Helion, a startup working to generate electricity from nuclear fusion, on Tuesday said it has raised $425 million in venture ...
Sam Altman, SoftBank invest in $425M round for Helion, a Seattle-area startup chasing fusion power
Seattle-area company Helion Energy gets $425 million from investors including Sam Altman and Softbank to pursue clean ...
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Helion has $1 billion and 3 years to figure out fusion-powered energy
Washington-based fusion energy company Helion just raised US$425 million in fresh funding for its bid to be the first to ...
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Sam Altman’s $5.4B Nuclear Fusion Startup Helion Baffles Science Community
Helion’s nuclear fusion promises have garnered the attention of Silicon Valley—and raised concerns amongst scientists wary of ...