Everett-based Helion raises $500M for fusion energy generator

Everett-based fusion energy company Helion has raised $500 million in Series E funding to finish the company’s seventh-generation fusion generator, Polaris.

Helion broke ground on the Polaris facility in July. Helion expects the fusion device to hit “net electricity production,” meaning the facility generates more power than it consumes, in 2024.

“This funding ensures that Helion will be the first organization to generate electricity from fusion,” David Kirtley, co-founder and CEO of Helion,…


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