Thanks to Vibrator! for posting in the Always On thread about an announcement from Helion Energy, a US company developing fusion energy, that they have raised $500 million, and $1.7 billion in future commitments if certain targets are met.
Our team has raised $500 million, led by @sama, to accelerate the construction of Polaris, our 7th fusion prototype. We expect Polaris to demonstrate net electricity from fusion in 2024. Read the full announcement from our founders: https://t.co/3LKE0BlqTK
Helion Energy’s website explains that its fusion reactor employs a “pulsed non-ignition fusion system”, and uses deuterium and helium-3 (D-³He) as fuel. Instead of creating heat to drive steam turbines, Helion states: “Our system is built to directly recover electricity. Just like regenerative braking in an electric car, our system is built to recover all unused and new electromagnetic energy efficiently.”
Helion Energy Raises $500 Million, Expects to Show Net Electricity from Fusion in 2024
Thanks to Vibrator! for posting in the Always On thread about an announcement from Helion Energy, a US company developing fusion energy, that they have raised $500 million, and $1.7 billion in future commitments if certain targets are met.
An article about the news is here:
https://techcrunch.com/2021/11/05/helion-series-e/
Here’s a tweet from the company about the news:
Helion Energy’s website explains that its fusion reactor employs a “pulsed non-ignition fusion system”, and uses deuterium and helium-3 (D-³He) as fuel. Instead of creating heat to drive steam turbines, Helion states: “Our system is built to directly recover electricity. Just like regenerative braking in an electric car, our system is built to recover all unused and new electromagnetic energy efficiently.”