StoryFunding
Type One Energy closes $200M Series B to build commercial stellarator at Bull Run
Type One Energy completed a $200 million Series B financing round led by Breakthrough Energy Ventures and Clutterbuck Capital. The funding supports Project Infinity, which includes the Infinity One prototype and the Infinity Two 400 MWe commercial power plant at Tennessee Valley Authority's Bull Run site, targeting grid operation in the mid-2030s.
- $200M Series B from Breakthrough Energy, Clutterbuck Capital, and Lowercarbon Capital
- Funds support Infinity One prototype (2029 target) and Infinity Two commercial plant design
- Covers roughly half the capital cost of a 400 MWe fusion power plant
- Total funding to-date exceeds $400 million