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.
Helion bags $425M in fresh funding despite fusion power still being a distant dream
Microsoft-backed startup now valued at $5.4B Fusion energy startup Helion has yet to prove it can generate electricity, but that hasn't stopped investors from dumping another $425 million into the 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 energy's "Holy Grail."
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 produce usable electricity through nuclear fusion. The firm's latest Series F round brings the total investment into Helion over the $1 billion line,
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.
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 its aggressive timeline.
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,
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.
Altman-backed Helion raises $425m for fusion reactors
Back in 2023, Microsoft signed a 50MW power purchase agreement (PPA) with Helion for 2028 - a short time in fusion development timescales. OpenAI, led by Helion investor Sam Altman, is also thought to be looking to buy " vast quantities " of fusion power.
Nuclear fusion startup Helion to build ‘world’s first’ power plant after raising $425 million
Nuclear fusion startup Helion to build ‘world’s first’ power plant after raising $425 million - Helion Energy says it will ‘keep pushing to do what no one has done before’
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 ...
US nuclear fusion start-up backed by Sam Altman and Peter Thiel secures $425mn
A US start-up whose backers include tech billionaires Sam Altman and Peter Thiel has raised $425mn to keep it on track to ...