StoryFunding
Type One Energy raises $200 million Series B to build its Infinity Two fusion plant
Type One Energy, a Tennessee fusion startup, raised a $200 million Series B led by Breakthrough Energy Ventures and Clutterbuck Capital, taking its total funding past $400 million. The money goes to its stellarator program and to design work for Project Infinity at the TVA Bull Run site.
- Lowercarbon Capital, Siemens Energy Ventures and SiteGround Capital also invested in the round.
- Project Infinity includes Infinity One, an engineering prototype stellarator, and Infinity Two, a planned 400 MWe commercial fusion plant.
- Tennessee has issued Project Infinity an initial operating license; the article names no TVA-imposed conditions.
- A UK deployment is also in progress through the Infinity Fusion Consortium with Tokamak Energy, AECOM, Sheffield Forgemasters and Barclays.