Helion Energy

Helion Energy

Develops commercial fusion energy generators

About

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 key element for modern computing and clean energy. Helion Energy's products cater to industries and governments seeking sustainable energy solutions. What sets Helion apart from competitors is their unique combination of steady magnetic and inertial fusion methods, along with advancements in high-power electronics, allowing them to create fusion engines that are significantly more efficient in size, cost, and development time. The company's goal is to have a commercial fusion plant operational within six years, establishing itself as a leader in the clean energy sector.

Company Stage

Series E

Employees

201-500

Industries

Energy

Total Funding

$567.5M

Headquarters

Everett, Washington

Founded

2013


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Simplify's Take

What believers are saying

  • Helion's collaboration with OpenAI could validate their fusion technology commercially.
  • Increased investment in fusion energy supports Helion's funding and development efforts.
  • Government attention may lead to supportive policies and funding for Helion.

What critics are saying

  • Competition from Zap Energy could impact Helion's market position.
  • Funding shortfalls in the fusion industry may hinder Helion's progress.
  • Emerging cold fusion technologies could divert interest from Helion's approach.

What makes Helion Energy unique

  • Helion Energy's pulsed non-ignition technology offers low-cost, 24/7 power generation.
  • Their 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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Growth & Insights
Headcount

6 month growth

26%

1 year growth

56%

2 year growth

206%

Benefits

Medical, dental, & vision insurance

401k

Parental leave

Life & disability insurance

PTO

Equity

Social events

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