Science52 mOctober 6, 2026, 19:00

Type One Energy raises $200M to build fusion power plant by 2034

Knoxville-based Type One Energy raised $200 million in a Series B led by Breakthrough Energy Ventures and Clutterbuck Capital. The funding covers about half the cost of its 400-megawatt Infinity Two commercial fusion plant, targeted for 2034.

TechCrunch

Open source

Type One Energy raises $200M to build fusion power plant by 2034

$200M Series B led by Breakthrough Energy Ventures and Clutterbuck Capital
400 MW Infinity Two plant targeted to come online by 2034
First two fusion devices to be built at TVA's Bull Run site in Tennessee
Company acts as integrator, designing in-house and sourcing parts from suppliers

#TypeOneEnergy#BreakthroughEnergyVentures#CommonwealthFusionSystems#AECOM

CFS signs record deal with Fujikura for 6,200 miles of fusion reactor tape

Science

Fusion startups raise $3.8B as commercial power plants remain out of reach

Science

Hubble Network raises $200M, hits unicorn status for space Bluetooth

Science

Type One Energy raises $200M to build fusion power plant by 2034

CFS signs record deal with Fujikura for 6,200 miles of fusion reactor tape

Fusion startups raise $3.8B as commercial power plants remain out of reach

Hubble Network raises $200M, hits unicorn status for space Bluetooth

First type I superconductor breaking time-reversal symmetry discovered