Advanced Reactors

US Nuclear Startup Backed By Tech Billionaires Secures $425m In Race For Fusion

By David Dalton
29 January 2025

Washington-based Helion has now raised more than $1bn and has a valuation of $5.4bn

US Nuclear Startup Backed By Tech Billionaires Secures $425m In Race For Fusion
Helion said the new investment will help it speed up the development of its next generation fusion reactor design. Courtesy Helion.
A US startup whose backers include tech billionaires Sam Altman and Peter Thiel has raised $425m (€409m) to keep it on track to achieve its target of producing electricity from nuclear fusion in 2028.

Want to know more?
Sign up.

Pen Use this content

Tags


Related