Type One Energy
A fusion energy company developing a commercial stellarator power plant that utilizes high-field superconducting magnets and advanced additive manufacturing to provide baseload carbon-free energy.
- CEO / Founder
- Christofer Mowry
- Team Size
- 51-200
- Stage
- Series A
- Total Funding
- $82.4M
- Latest Round
- Series A
- Key Investors
- Breakthrough Energy Ventures, TDK Ventures, Mithril Capital, Foxglove, JVP, DNV, Commonwealth Fusion Systems
Technology & Products
Key Products
["Infinity One (Pilot-scale stellarator device)","FusionDirect (Commercialization roadmap and technology platform)","High-Temperature Superconducting (HTS) Magnet Systems","Advanced Additive Manufacturing (Metal AM) for fusion components"]
Technological Advantage
The 'FusionDirect' program leverages the world-leading physics results of the Wendelstein 7-X (W7-X) stellarator, significantly reducing scientific risk compared to unproven fusion concepts.
Differentiation
Value Proposition
Offers a lower-risk path to fusion by using the inherently stable stellarator configuration, which enables continuous (non-pulsed) operation and avoids the plasma instabilities common in tokamak reactors.
How They Differentiate
Type One Energy utilizes a 'FusionDirect' approach that combines the proven physics of the Wendelstein 7-X stellarator with High-Temperature Superconducting (HTS) magnets and advanced additive manufacturing (3D printing). Unlike tokamaks, their stellarator design is inherently steady-state and avoids the plasma instabilities (disruptions) that plague other fusion methods.
Market & Competition
Target Customers
Electric utilities, independent power producers (IPPs), and large-scale industrial energy consumers requiring 24/7 carbon-free power.
Industry Verticals
["Energy & Utilities","Clean Technology","Heavy Industry","Power Generation"]
Competitors
Proxima Fusion; Renaissance Fusion; Commonwealth Fusion Systems (CFS)
Growth & Milestones
Growth Metrics
Expanded team to over 50 employees; transitioned from R&D to pilot plant construction phase with the 'Infinity One' project.
Major Milestones
["Selected for the U.S. Department of Energy’s Milestone-Based Fusion Development Program in 2023","Announced the construction of 'Infinity One' stellarator at TVA's Bull Run Fossil Plant site in Feb 2024","Successfully closed an expanded Series A funding round totaling $82.4M in May 2024"]
Notable Customers
Tennessee Valley Authority (TVA); U.S. Department of Energy (DOE)