Sam Altman-supported startup has raised about half a billion dollars as it aims to build the world’s first nuclear fusion power plant to solve the energy crunch issue. US-based Helian Energy received $ 425 million in series F investment, which included investors like LightSpeed Venture Partners, SoftBank and Vision Fund 2 with existing investors, who are current investors Mr. Altman, Capricorn Investment Group, Mithril Capital, Dustin Moscopytz And Nuclear also participated.
With the latest round of funding, Helian has raised a capital of over 1 billion dollars since it was established in 2013. The company claims that it will build the world’s first nuclear fusion power plant by 2028 and has already signed a purchase agreement with Microsoft which is one of the major investors in Openai of Mr. Altman.
“I am very excited for the funding what this funding will enable for us. We will score our manufacturing in America fundamentally – we will be able to make capacitors, magnets and semiconductors. The world’s first fusion power plant and then our All the plants are about to come, “said David Keelly, Helian’s co-founder and CEO.
Scientists consider nuclear fusion as a holy grave of energy. This is the one that is merged to make our Sun as a nuclear nucleus to create a large amount of energy, opposite to the fragmentation process used in nuclear weapons and nuclear power plants, where the heavy atom is many small people Is divided into.
Polaris, the seventh prototype of Helian, recently unveiled at Averett, Washinton, works at a temperature of more than 100 million degrees Celsius with the company, hoping the company to produce electricity from IT.
Also read China’s ‘Artificial Sun’ records 100 million degrees for 1,000 seconds
China’s nuclear fusion reactor
This development comes under the backdrop of scientists in the practical advanced superconducting tokam (East) Fusion Energy Reactor, which is called the ‘Artificial Sun’ of China, which managed to maintain plasma for 1,000 seconds, 403-second record in 2023 Broke
By stabilizing the system for 1,000 seconds, scientists believe that a major milestone has been achieved in search of improving technology. The atomic reactor is yet to achieve ignition that is the point on which the atomic fusion creates its energy and maintains reactions. However, the new record is an encouraging step towards maintaining limited plasma loops that can strengthen future reactors.
