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Sam Altman-backed startup raises $425 million to build world’s 1st nuclear fusion power plant
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Helion Energy, a pioneering startup backed by OpenAI’s Sam Altman, has secured a landmark $425 million investment to accelerate the development of the world’s first nuclear fusion power plant, marking a potentially transformative moment in clean energy technology.
The Series F funding round attracted prominent investors including:
With this latest investment, Helion has now raised over $1 billion since its founding in 2013, signaling growing confidence in its nuclear fusion technology.
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Helion’s CEO David Kirtley expressed enthusiasm about the funding, highlighting plans to “radically scale up manufacturing” in the United States. The company aims to construct the world’s first fusion power plant by 2028, with Microsoft—a major OpenAI investor—already securing a` purchase agreement.
Nuclear fusion represents a holy grail of energy production, fundamentally different from current nuclear fission technologies:
Helion’s seventh prototype, Polaris, operates at temperatures exceeding 100 million degrees Celsius. The company is optimistic about generating electricity from this revolutionary technology.
This development follows recent achievements by other nations, notably China’s Experimental Advanced Superconducting Tokamak (EAST) reactor, which sustained plasma for 1,000 seconds—a significant milestone in fusion research.
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