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Type One Energy Stock

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Valuation$1.47B1
Valuation DateOct 6, 2026
Implied Valuationn/a
Last Pricen/a
52-Week Highn/a
52-Week Lown/a
YTD Returnn/a
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3-Year Returnn/a
Total Funding$369.5M
Latest Round Amount$200M2
Latest RoundSeries B
Funding Rounds3
IPO StatusUnknown
Expected IPO Daten/a
Revenuen/a
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P/S Ration/a

About Type One Energy

Type One Energy is a fusion energy company developing power plants based on the stellarator, a reactor design that uses twisted magnetic coils to confine superheated plasma. Its main project is Project Infinity at the Tennessee Valley Authority's Bull Run site in Clinton, Tennessee. The project includes Infinity One, an engineering prototype targeted for startup in 2029, and Infinity Two, a planned 400 MWe commercial fusion power plant. Type One Energy does not yet generate revenue. It plans to make money as a fusion technology provider, supplying its stellarator design and machines to utilities and power producers while relying on industrial partners for manufacturing, engineering and construction. The company was founded by University of Wisconsin-Madison scientists who built HSX, the world's first optimized stellarator, and is backed by Bill Gates' Breakthrough Energy Ventures.

Founded 2019
Country United States
CEO Christofer Mowry
Founders David Anderson, Chris Hegna, John Canik
Headquarters Knoxville, TN

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News

Type One Raises $200M in Series B Round as Tennessee Fusion Project Nears Construction

Type One Energy's $200 million Series B comes as the company moves the Infinity One groundbreaking at TVA's Bull Run site to the first half of 2027. It also says Infinity Two could be built in two sta...

16 days ago - Engineering News-Record

Type One Energy raised $200M to build a fusion power plant by 2034

Type One Energy closed a $200 million Series B co-led by Breakthrough Energy Ventures and Clutterbuck Capital to advance its FusionDirect program and Project Infinity fusion plant at TVA's Bull Run si...

17 days ago - TechCrunch

Type One Energy Completes $200M Series B Financing

Type One Energy closed a $200 million Series B co-led by Breakthrough Energy Ventures and Clutterbuck Capital, with Lowercarbon Capital, Siemens Energy Ventures and SiteGround Capital joining. The fun...

17 days ago - Type One Energy

Fusion firm Type One in $200 million Siemens Energy-backed raise

Reuters reports that Type One Energy's Series B takes its total funding past $400 million. The company did not disclose its valuation and is working toward a manufacturing partnership with Siemens.

17 days ago - Reuters

RecycLiCo Invests in Type One Energy Group

DELTA, British Columbia, Sept. 17, 2026 (GLOBE NEWSWIRE) -- RecycLiCo Battery Materials Inc. (“RecycLiCo” or the “Company”) (TSX.V: AMY | OTCQB: AMYZF |FSE: ID4), a critical minerals refining and lith...

5 weeks ago - GlobeNewsWire

Tennessee Announces First License for Commercial Fusion

Tennessee issued Type One Energy the first fusion-specific byproduct material license granted by a US state, clearing the first phase of Project Infinity at TVA's Bull Run Energy Complex.

7 weeks ago - Type One Energy

ORNL, Type One Energy to advance fusion fuel cycle with innovative new technologies

Oak Ridge National Laboratory licensed four cryogenic pellet fueling inventions to Type One Energy for use in fueling its stellarator plasmas.

2 months ago - Type One Energy

Type One Energy Appoints Bernard Looney to Board of Directors

Bernard Looney joined Type One Energy's board as the company prepared to close its Series B and began procurement for the Infinity One prototype.

4 months ago - Type One Energy

Type One Energy, Tokamak Energy, and AECOM Form the UK Infinity Fusion Consortium to Accelerate Development of a Commercial Fusion Power Plant in the United Kingdom

LONDON--(BUSINESS WIRE)--Type One Energy, Tokamak Energy, and AECOM today announced the UK Infinity Fusion Consortium to pursue development of the first private-sector-led fusion power plant project i...

Other symbols: ACM
5 months ago - Business Wire

Type One Energy Submits Initial Licensing Application for Tennessee's First Commercial Fusion Project at Bull Run Site

Type One Energy, TVA and Tennessee regulators announced the first byproduct material license application for a commercial fusion project in the state, covering Project Infinity at Bull Run.

8 months ago - Type One Energy

Bill Gates-backed Type One Energy raises $87M ahead of $250M Series B

Type One Energy raised $87 million through a convertible note, bringing its venture funding to more than $160 million while it raised a Series B.

9 months ago - TechCrunch

AECOM establishes partnership with Type One Energy to provide design engineering services for its innovative stellarator fusion power plant, Infinity Two

AECOM will carry out preliminary design engineering for Type One Energy's Infinity Two stellarator power plant, intended to supply power to the Tennessee Valley Authority.

1 year ago - AECOM

TVA and Type One Energy Accelerate Fusion Commercialization in Tennessee

TVA issued Type One Energy a letter of intent covering potential deployment of its Infinity Two fusion power plant at the former Bull Run Fossil Plant site.

1 year ago - Type One Energy

Type One Energy and TVA Sign Agreement Focused on First Fusion Power Plant Project

Type One Energy and TVA signed a cooperative agreement to jointly plan a fusion power plant project, Infinity Two, in the Tennessee Valley using Type One's stellarator technology.

1 year ago - Business Wire