Stephen Nellis
By Stephen
Helion Energy begins construction on Malaga, Washington fusion plant to power Microsoft data centers by 2028
Helion Energy has begun construction on a site in Malaga, Washington, for a planned nuclear fusion power plant intended to supply Microsoft data centers by 2028, pending final state permits. The startup—backed by investors including Sam Altman and SoftBank—is developing its Polaris prototype and aims to build the operational Orion machine at the new site to deliver fusion-generated electricity without large greenhouse gas or long-lived radioactive waste.
Helion Energy raises $425 million led by SoftBank Vision Fund 2, values company at $5.4 billion
Helion Energy raised $425 million from investors including SoftBank’s Vision Fund 2, valuing the fusion startup at $5.4 billion and accelerating work on its next-generation reactor with a goal of supplying Microsoft with power in 2028.
