Thea Energy raises a $100.0M Series B round
Series B
$100.0MRound details
- Company
- Thea Energy
- HQ
- US
- Stage
- Series B
- Amount
- $100.0M
- Website
- thea.energy/
- Source
- Announcement
Thea Energy is a New Jersey-based fusion power company commercializing a planar-coil stellarator architecture, using arrays of mass-manufacturable superconducting magnets and software-defined controls in place of precision-machined 3D coils. Spun out of Princeton University and Princeton Plasma Physics Laboratory in 2022, it is an awardee of the US Department of Energy's Milestone-Based Fusion Development Program and is building the Eos integrated stellarator en route to its first commercial Helios power plant.
Investors
USIT (lead)Starlight VenturesWhatif VenturesTimescale VenturesDivergent CapitalEmerald Technology VenturesHitachi VenturesAlumni VenturesIdemitsuLinse CapitalClimate CapitalPrelude VenturesMercator PartnersOrion Industrial VenturesCalm VenturesOverlay CapitalGeneral Innovation Capital PartnersLowercarbon CapitalGaingels