Helion Energy

Develops commercial fusion energy generators

Everett, Washington, United States

About Helion Energy

Helion Energy focuses on developing fusion generators to make fusion energy commercially viable. Their fusion generators are designed to be smaller, cheaper, and faster to produce compared to existing technologies. The company utilizes pulsed accelerator technology, which is essential for addressing the Helium-3 crisis, a critical element for modern computing and clean energy. Helion Energy's business model involves selling these fusion generators to industries and governments seeking sustainable energy solutions, while also securing funding from investors and government entities. What sets Helion apart from competitors is their unique combination of steady magnetic and inertial fusion techniques, which allows them to create fusion engines that are significantly more efficient in size, cost, and development time. The company's goal is to have a commercial fusion plant operational within six years, aiming to lead the future of clean energy.

Everett, WashingtonHeadquarters
2013Year Founded
$567.5MTotal Funding
SERIES_ECompany Stage
EnergyIndustries
201-500Employees

Benefits

Medical, dental, & vision insurance
401k
Parental leave
Life & disability insurance
PTO
Equity
Social events

Risks

Increased competition from Commonwealth Fusion Systems threatens Helion's market position.
Funding shortfall in the fusion industry may impact Helion's capital acquisition.
Emergence of cold fusion could disrupt Helion's hot fusion technology focus.

Differentiation

Helion's pulsed non-ignition technology offers low-cost, 24/7 power generation.
Fusion engines are 1,000 times smaller and 500 times cheaper than competitors'.
Helion addresses the Helium-3 crisis, crucial for computing and medical imaging.

Upsides

Helion aims to have a commercial fusion plant operational within six years.
OpenAI's interest in Helion's fusion power highlights potential for significant partnerships.
Helion's technology could replace current energy sources with limitless clean electricity.

Funding

Total raised$567.45 M
Latest valuation$3.00 B
StageSERIES_E
SERIES D
12/31/2019
$40
$200.00 M
SERIES C
12/31/2018
$10
$50.00 M
$11
$53.00 M