Tuesday, January 28, 2025

Helion raises $425M to help build a fusion reactor for Microsoft

Good news! 

Wind power is a heavily government subsidized greatest scam of our time! Solar power is an environmental disaster!

Since Western governments have failed spectacularly for decades investing billions of dollars to make it happen! Perhaps, it is time for private businesses to take over!

"Few fusion startups have been as closely watched as Helion. The 12-year-old company is backed by Sam Altman, rumored to be in talks with OpenAI, and has a deal to supply Microsoft with electricity by 2028 — years earlier than its competitors. 

The company’s unorthodox approach to fusion power and relative secrecy has earned it plenty of fans — and critics. But don’t count its investors among the naysayers. 

Helion announced Tuesday a $425 million Series F raise that pushed its valuation $5.245 billion. The startup also flipped the switch last month on its latest prototype, Polaris, which it anticipates will be the first fusion reactor to generate electricity.  ..."

Helion raises $425M to help build a fusion reactor for Microsoft | TechCrunch

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