Search results for Helion
Industry
Google backs German startup Proxima Fusion aiming for Europe\'s first commercial fusion power plant
Google has invested in German startup Proxima Fusion, which is aiming to build Europe’s first commercial nuclear fusion power plant. Proxima Fusion said it closed a 411 million euro funding round, valuing the company at $2.7 billion. The round was led by XTX Ventures and EastX Ventures, with RWE and Google as strategic investors. The company is developing a stellarator and targets an early-2030s demonstration plant and a commercial facility later in the decade.
Industry
Realta Fusion lights bulb with electricity recovered directly from nuclear fusion reaction
Wisconsin-based nuclear fusion startup Realta Fusion said it succeeded in recovering electricity directly from a fusion reaction and lighting bulbs. The company said it publicly demonstrated the method at its WHAM fusion test device and claimed it was the first private company to do so. Realta said it converted energy from alpha particles into electricity, producing about 100 volts and several amperes, and estimates direct conversion efficiency at about 90 percent.
Industry
Helion raises $465 million, accelerates goal to supply fusion power to Microsoft by 2028
U.S. fusion startup Helion Energy raised $465 million in new funding, valuing the company at $15.5 billion. Helion said it will use the money to accelerate construction of its first commercial power plant, the Orion project planned in Washington state, and aims to supply fusion electricity to the grid as early as 2028. The company has a power supply contract with Microsoft for its data centres and says it plans to deliver by 2028.
