Type One Energy raises $200 million for its fusion plant plans
Article image: TechCrunchType One Energy designs fusion power plants and relies on outside suppliers to build many of their components. Its $200 million Series B is intended to advance a proposed 400-megawatt commercial plant, with a 2034 operating target, TechCrunch reports. Breakthrough Energy Ventures and Clutterbuck Capital led the round; the target remains a plan, not an operating power station.
DTT summary based on TechCrunch's report. The full article is on the publisher's site.
Round details
Designs fusion power plants, using an external supplier network for many components.
- At least $82.5M raised before this round.
- Advances a proposed 400 MW commercial plant with a 2034 operating target.
- Series B raised: $200M
- Investors: Breakthrough Energy Ventures, Clutterbuck Capital
- Earlier rounds: Raised at least $82.5 million before this round.
- HQ: Tennessee