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Type One Energy completed a $200 million Series B financing round co-led by Breakthrough Energy Ventures and Clutterbuck Capital. The funding will support the company's FusionDirect technology development program and Project Infinity, which aims to build the world's first commercial fusion power plant.
US start-up Type One Energy has raised $200 million from investors including the venture unit of Germany's Siemens Energy, as it vies to build the world's first commercial fusion reactor. The Series-B round takes total funding to-date to more than $400 million.
US start-up Type One Energy has secured $200 million in a Series-B funding round, with participation from Siemens Energy's venture unit. The company aims to build the world's first commercial fusion reactor.