Stellarator Fusion Company: Type One Energy

[Carl White]

"Stellarator Fusion Company Type One Energy Group Raises $29 Million in First Financing Appoints Christofer Mowry as CEO"

https://www.fusion-energy-news.com/type-one-energy

Founded by several of the world’s leading stellarator experts, Type One Energy also brings concentrated experience from renowned fusion science institutions, including the University of Wisconsin-Madison in the U.S., the Max Planck Institute for Plasma Physics in Germany and the Massachusetts Institute of Technology (MIT) for its work on advanced magnet technology.

This technical leadership team includes Chief Technology Officer Dr. Thomas Sunn Pedersen, Chief Science Officer Dr. John Canik, Chief Engineer Dr. David Anderson, and Head of Stellarator Plasma Science Dr. Chris Hegna.

Previously, Mowry held the CEO position at General Fusion, where he scaled up the company and raised over $200M in private investment and government support from three countries.

Bill Gate's Breakthrough Energy Ventures is involved in the funding.

[Skipjack]

It is crazy how much is happening with fusion lately. Years of barely anything moving, too little funding and too little progress. And now, we have dozens of startups, many with good funding and so much progress is being made on so many fronts. I am really happy about that, but can be a bit overwhelming and hard to keep up with.

[Giorgio]

It seems like they want to capitalize on the recent Japanese-German breakthrough in Stellarator design that we discussed a month ago in another thread.