StoryFunding
Thea Energy closes $100 million Series B funding round
Thea Energy announced a $100 million Series B funding round led by US Innovative Technology Fund and other investors, bringing total funding to $130 million. The round supports magnet manufacturing expansion and acceleration of the Eos integrated stellarator facility toward operations by 2030.
- $100M Series B round led by US Innovative Technology Fund with multiple investors
- Total funding now $130M (Series A plus Series B)
- Capital accelerates Eos facility construction and magnet manufacturing
- Supports hiring for engineers, physicists, and machinists
- Expands New Jersey operations with second manufacturing facility