Helion's Fusion Dream: A $425M Bet on a Star in a Jar
Helion secures $425M to build a fusion reactor for Microsoft, aiming to revolutionize energy with its unique technology.
Matilda
Helion's Fusion Dream: A $425M Bet on a Star in a Jar
Helion Energy secures $425 million in Series F funding, pushing its valuation to $5.245 billion, as it races to deliver fusion power to Microsoft by 2028. This significant investment underscores the growing confidence in Helion's unique approach to fusion and its potential to revolutionize energy production. The quest for clean, limitless energy has captivated scientists and engineers for decades. Among the frontrunners in this race is Helion Energy, a 12-year-old startup backed by prominent figures like Sam Altman, who is also rumored to be involved in discussions with OpenAI. Helion has garnered significant attention, fueled by its unorthodox approach to fusion power, a degree of secrecy surrounding its technology, and a landmark deal to supply Microsoft with electricity by 2028 – a timeline that significantly outpaces its competitors. Helion's recent announcement of a $425 million Series F funding round, which propelled its valuation to an impressive $5.245 billion, signals …
