StoryFunding
Thea Energy receives $20 million federal grant from ARPA-E for magnet manufacturing
Thea Energy received a $20 million award from ARPA-E to develop and manufacture its modular high-temperature superconducting magnets. The grant accelerates production scale-up of the planar coils that form the core technology for both the Eos neutron source and Helios power plant.
- $20M ARPA-E grant for magnet manufacturing and production scale-up
- Supports modular HTS coil production for commercial deployment
- Complements private funding to accelerate commercialization timeline
- Enables capacity to supply magnets for Eos and subsequent Helios deployment
- Validates DOE confidence in planar-coil stellarator approach