Full-Time
Vice President
Supply Chain
Thea Energy
51-200 employees
Develops modular fusion power plants
Compensation Overview
$160k - $250k/yr
Newark, NJ, USA
In Person
 Operations & Logistics (2) |
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- Executive Experience: 15+ years of relevant work experience, with significant time spent in senior leadership positions managing and growing supply chain organizations
- Scaling Expertise: Proven ability to support businesses through growth periods, specifically transitioning from R&D to full-scale manufacturing
- Strategic Acumen: Proven organizational skills with the ability to manage multiple projects and priorities while maintaining the "big picture" strategic vision
- Desirable: Startup Agility: Ability to thrive in a fast-paced, dynamic startup environment where speed and execution are critical
- Desirable: Cross-Functional Leadership: Ability to work across cross-functional teams to support complex hardware challenges and recruitment needs
- Desirable: Negotiation & Communication: Excellent negotiation, communication, and collaboration skills, capable of interacting effectively with board members, technical leads, and external partners
- Strategic Leadership: Develop and execute the long-term global supply chain and procurement strategy to support Thea Energy’s rapid growth and commercialization roadmap
- Organizational Development: Plan the hiring strategy and build a world-class supply chain organization, inclusive of sourcing, subcontracts management, supplier management, inventory/warehouse and logistics
- Global Sourcing & Partnerships: Lead supplier and partner negotiations and establish strategic partnerships with suppliers of critical materials (e.g. superconductors, vacuum vessels, power electronics)
- Process Architecture: Manage and develop company policies, programs, and procedures for inventory control, logistics, and vendor management, evolving these processes as the company grows
- Cross-Functional Collaboration: Work with the Company’s leadership to support employee growth & development and ensure supply chain needs are integrated into engineering and financial planning
- Culture Building: Employ strategies to build, maintain, and grow the Company’s workplace culture within the operations team, fostering diversity and inclusion
Thea Energy develops modular, utility-scale fusion power systems based on advanced stellarator designs from Princeton and other researchers. Its core product is a net-energy generating stellarator plant that is designed, built, and operated for utility-scale electricity generation and delivered to grid operators. The company focuses on simpler, lower-cost modular stellarator units and an end-to-end service model that covers design, construction, and long-term operation. Its goal is to provide a reliable, zero-emission energy source that can scale to meet demand and reduce global carbon emissions.
Company Size
51-200
Company Stage
Series A
Total Funding
$20M
Headquarters
Princeton, New Jersey
Founded
2022
Simplify's Take
What believers are saying
- Eos operational by 2030 produces tritium and medical radioisotopes for revenue.
- DOE Milestone-Based Fusion Development Program provides non-dilutive funding through 2028.
- $20M Series A from Prelude Ventures funds superconducting magnet systems development.
What critics are saying
- Type One Energy advances faster in DOE program, capturing larger funding share.
- Commonwealth Fusion Systems and Helion achieve net energy ahead of stellarators.
- Eos sub-breakeven deuterium plasma may fail to generate promised radioisotope revenue.
What makes Thea Energy unique
- Planar coil architecture eliminates complex 3D magnets, reducing manufacturing costs significantly.
- Software-based plasma control transfers complexity from hardware to computational systems.
- Eos neutron source generates near-term revenue while de-risking Helios power plant.
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Growth & Insights and Company News
6 month growth
↑ 1%1 year growth
↑ 2%2 year growth
↑ 4%Thea Energy, a Kearny-based company, is advancing its fusion power goals with significant backing, including a recent fellowship from Amazon Web Services and the International Research Centre on Artificial Intelligence. A spinout from Princeton Plasma Physics Laboratory and Princeton University, Thea Energy focuses on commercializing stellarator fusion energy. Since its 2022 founding, the company has raised $30 million in investor funding and received additional non-dilutive funding from the U.S.
To build a fusion power plant, engineers are forced to make some difficult choices. Do they go with the simpler design and then, while in operation, force the plasma to behave so it doesn’t snuff itself out? Or do they opt for a complex design that’s challenging to build but leads to happier plasma?Or what if there was a way to do both?Thea Energy is hoping that “both” is the right answer. The startup is betting that software can supplant manufacturing precision in its quest to deliver reliable, inexpensive fusion power. It has recently raised a $20 million Series A, TechCrunch has exclusively learned. Prelude Ventures led the round with participation from 11.2 Capital, Anglo American, Hitachi Ventures, Lowercarbon Capital, Mercator Partners, Orion Industrial Ventures and Starlight Ventures.There are two main approaches to fusion power: inertial confinement and magnetic confinement. The former made headlines at the end of 2022 for proving that net-positive fusion power isn’t just science fiction by using massive lasers to vaporize a fusion fuel pellet.Many startups, though, are using some variation of the former
Eight U.S. companies developing nuclear fusion energy will receive $46 million in taxpayer funding to pursue pilot plants attempting to generate power from the process that fuels the sun and stars, the Department of Energy said on Wednesday.