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Type One Energy logo — Commercializing the stellarator fusion power system with adv...

Type One Energy

Commercializing the stellarator fusion power system with advances in HTS magnets and additive manufacturing.

Founded 2019 United States Knoxville, United States 127 employees Grant Total: $29.00M Energy, Clean Energy

General Information

Company Name Type One Energy
Founded Year 2019
Location United States Knoxville, United States
Employees 127
Industries Energy, Clean Energy
Funding Stage Grant
Social

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About Type One Energy

Type One Energy Group is a cutting-edge startup in the energy industry, with a clear mission to revolutionize the global energy landscape by commercializing the stellarator fusion power system. The company, established in 2019, boasts a team of renowned fusion scientists and seasoned business leaders who bring a powerful combination of technical expertise and industry acumen to the table. Utilizing advanced manufacturing methods, computational physics, and high-field superconducting magnets, Type One Energy is committed to developing an optimized stellarator fusion energy system that promises sustainability and affordability. The company's FusionDirect development program is particularly noteworthy, as it is designed to pursue the shortest schedule path to a fusion power plant over the next decade. This strategy, which focuses on partnership synergy and capital efficiency, positions Type One Energy as a key player in the race towards fusion power implementation. Notably, the last investment received by Type One Energy Group was in the form of a generous grant from the US Department of Energy on 31 May 2023, highlighting the company's strong appeal and potential within the energy sector. As the organization continues to make significant strides in its technological advancements and business growth, it stands as a promising prospect for investors seeking to support groundbreaking solutions in the energy and clean energy space.

Business keywords: Stellarator Fusion, HTS Magnets, Additive Manufacturing, Clean Energy, Sustainable Energy, Fusion Power, High-Temperature Superconductors, Advanced Manufacturing, Plasma Physics, Energy Technology, Commercialization, Compact Fusion Reactor, Startup, Investment

Funding Rounds & Investors (2)

View All
Funding Stage Amount Investors Lead Investors Date
Grant Undisclosed 1
US Department of Energy
31 May 2023
Seed Round $29.00M 9
Breakthrough Energy Ventures Darco Capital Doral Energy-Tech Ventures
Breakthrough Energy Ventures, Darco Capital +7
28 Mar 2023

Type One Energy Alternatives & Competitors

View All Alternatives
Type One Energy vs
nT-Tao Compact Fusion Power
nT-Tao Compact Fusion Power Israel

Compact Fusion Power. A clean, safe, scalable, and independent energy solution.

Series A
26 employees
Energy, Clean Energy
Compare Type One Energy vs nT-Tao Compact Fusion Power
Type One Energy vs
Thea Energy
Thea Energy United States

Breakthrough fusion technology designed for operation and scale.

Non Equity Assistance
92 employees
Energy, Renewable Energy
Compare Type One Energy vs Thea Energy
Type One Energy vs
Commonwealth Fusion Systems
Commonwealth Fusion Systems United States

Designing and building commercial fusion systems to provide limitless, clean energy to the world

Series B
1079 employees
ESG, Energy
View all alternatives

FAQ About Type One Energy

Commercializing the stellarator fusion power system with advances in HTS magnets and additive manufacturing.
Type One Energy was founded in 2019.
Type One Energy is headquartered in Knoxville, United States.
Type One Energy operates in Energy and Clean Energy. Its work centres on Stellarator Fusion, HTS Magnets, Additive Manufacturing and Clean Energy.
Type One Energy has approximately 127 employees.
Type One Energy has completed 2 funding rounds, raising a total of $29.00M. The latest funding stage is Grant.
Top alternatives and competitors to Type One Energy include nT-Tao Compact Fusion Power, Thea Energy, Commonwealth Fusion Systems, LPPFusion Inc., MoltexFLEX. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Type One Energy and nT-Tao Compact Fusion Power are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Type One Energy, https://bouncewatch.com/company/type-one-energy-group, updated 29 December 2024. When citing, please name BounceWatch and link this page.

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