Commonwealth Fusion Systems
Facts
- HQ
- Devens
- Sectors
- Energy, Fusion, Clean energy, Deep tech
- Stage
- Private
Helion Energy to Provide Fusion Power to Microsoft Data Center by 2028 Amid $1.5B Funding; Zap Energy Raises $330M with DOE Support
Helion Energy, with $1.5 billion raised, will supply fusion-generated electricity to Microsoft's Central Washington data center by 2028, while rival Zap Energy, backed by $330 million and the U.S. Department of Energy, is also exploring nuclear fission. These moves reflect the urgent demand for power in AI data centers exceeding current grid capacity and the strategic hedging against fusion timeline risks.
Helion Energy Raises $465M, Valued at $15.5B, Targets Commercial Fusion Power by 2028
Helion Energy raised $465 million, increasing its valuation to $15.5 billion, as it aims to commercialize fusion power by 2028 with projects like the 50-megawatt Orion plant in Washington. Despite ambitious plans and partnerships like the one with Microsoft, the company faces skepticism due to technical challenges and limited scientific disclosures.
Helion Energy Secures Permit to Build Reactor Building for Orion Fusion Plant in Washington
Helion Energy has received a permit from Chelan County, Washington, to proceed with building the reactor building for its Orion fusion power plant, aiming to be the world's first commercial fusion facility. Construction is planned to begin in July 2025 near Malaga, Washington, on land leased from the local Public Utilities District.
