Helion Energy

Helion Energy

Develops commercial fusion energy generators

About Helion Energy

Simplify's Rating
Why Helion Energy is rated
A-
Rated A on Competitive Edge
Rated B on Growth Potential
Rated A on Rating Differentiation

Industries

Energy

Company Size

201-500

Company Stage

Series F

Total Funding

$1B

Headquarters

Everett, Washington

Founded

2013

Overview

Helion Energy focuses on developing fusion generators to make fusion energy commercially viable. Their fusion generators are designed to be smaller, cheaper, and faster to produce than current technologies. The company utilizes pulsed accelerator technology, which is essential for addressing the Helium-3 crisis, a critical element for clean fusion energy and advanced medical imaging. Helion's business model involves selling these fusion generators to industries and governments seeking sustainable energy solutions, while also securing funding from investors and government grants. What sets Helion apart from competitors is their unique combination of steady magnetic and inertial fusion techniques, along with advancements in high-power electronics, allowing them to create fusion engines that are significantly more efficient. Helion Energy's goal is to have a commercial fusion plant operational within six years, aiming to lead the future of clean energy.

YC Company
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Simplify's Take

What believers are saying

  • Helion secured $425M funding, indicating strong investor confidence.
  • New fusion plant in central WA marks progress towards operational fusion energy.
  • Helion's rise in GeekWire 200 rankings shows increasing tech community recognition.

What critics are saying

  • Competition from Commonwealth Fusion Systems threatens Helion's market position.
  • ITER project could overshadow Helion if it achieves breakthroughs first.
  • Public wariness of nuclear energy could hinder Helion's commercial success.

What makes Helion Energy unique

  • Helion's pulsed non-ignition technology offers low-cost, 24/7 power generation.
  • Fusion engines are 1,000 times smaller and 500 times cheaper than competitors'.
  • Helion addresses the Helium-3 crisis, crucial for computing and medical imaging.

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Funding

Total Funding

$1008.4M

Above

Industry Average

Funded Over

6 Rounds

Series F funding comparison data is currently unavailable. We're working to provide this information soon!
Series F Funding Comparison
Coming Soon

Benefits

Medical, dental, & vision insurance

401k

Parental leave

Life & disability insurance

PTO

Equity

Social events

Growth & Insights and Company News

Headcount

6 month growth

↑ 2%

1 year growth

↑ 4%

2 year growth

↑ 5%
GeekWire
Mar 20th, 2025
Geekwire Awards: Sustainable Innovation Finalists Create, Destroy And Transform To Protect The Planet

The Sustainable Innovation of the Year finalists for the 2025 GeekWire Awards sound like they could be wizards or minor deities. They create, transform, destroy and remove — all in the name of saving the planet Earth. These companies are creating technologies to generate clean energy from smashed atoms and natural gas, blasting weeds into oblivion, spinning crab shells into clean chemicals, and sucking carbon dioxide gas out of industrial exhaust flues.The finalists for this category are Carbon Robotics, CarbonQuest, Helion, Modern Hydrogen and Tidal Vision. Last year’s winner was Electric Era, a Seattle-based EV charging technology startup.Continue reading for details on each of this year’s finalists, and vote here or below.Carbon Robotics Carbon Robotics is the stuff of dandelion nightmares. The ag-tech company is building weed-killing machines that use artificial intelligence to recognize unwanted plants that it zaps dead with a laser. The Seattle startup recently released a robotic weeder dubbed the LaserWeeder G2, which is up to two-times faster, as well as lighter and more modular than its original device

FusionX Invest
Mar 14th, 2025
Helion announces new fusion plant in central WA

Helion announces new fusion plant in central WA.

Securities.io
Mar 4th, 2025
Unraveling Safe And Practical Fusion – New Insights Into Trapped Fuel Shared

Fusion Fuel EfficiencyNuclear Fusion is potentially the ultimate green energy source, producing no dangerous byproducts, radioactivity (the only “waste” is helium), or greenhouse gases. And it could be powered by a fuel so abundant that it is a significant percentage of the entire Universe: deuterium, an isotope of hydrogen.But this is also a very difficult to achieve form of energy generation. It requires replicating on Earth the conditions in the core of the Sun, with tremendous pressures and tens or hundreds of millions of degrees.Nuclear fusion has been achieved in physics laboratories for decades, but a net energy-positive fusion reaction is still to be reached. This is what many are racing to accomplish, from the international megaproject ITER to commercial fusion projects like Commonwealth Fusion Systems and Proxima Fusion.Commercial viability will depend not only on achieving stable and energy-positive plasma generation, but also on the general efficiency of the process.One open question is the fuel efficiency. Deuterium is known to be partially absorbed by the walls of the tokamak fusion reactors. Researchers at Princeton University, University of California, University of Tennessee, Sandia National Laboratory, and General Atomics are figuring it out.They published their results in Nuclear Materials and Energy1, under the title “Deuterium retention behaviors of boronization films at DIII-D divertor surface”.Deuterium, Tritium FusionThe lighter an atom is, the more potential energy is released when it undergoes nuclear fusion

KPQ
Mar 4th, 2025
Chelan County's Role in Fusion Energy Plant

That's the hope, anyways, as Everett-based Helion Energy announced their plans to place the world's first fusion energy plant in Malaga with ground breaking expected to start this summer.

KPQ
Feb 27th, 2025
World's First Ever Fusion Power Plant Planned in Malaga

Director of Communications Jessie Barton says Helion will host a Community Event at 5:30 p.m. Tuesday, March 11 at Mission View Elementary School.

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