Type One Energy

United States
Alva, Oklahoma, United States, 37830

Company profile

Type One Energy company profile

Type One Energy Group is mission-driven to provide sustainable, affordable fusion power to the world. The company was formed in 2019 by a team of globally-recognized fusion scientists with a strong track record of building state-of-art stellarator fusion machines, together with veteran business leaders experienced in successfully scaling companies and commercializing energy technologies. Type One Energy applies proven advanced manufacturing methods, modern computational physics and high-field superconducting magnets to develop its optimized stellarator fusion energy system. Its FusionDirect development program pursues the lowest-risk, shortest-schedule path to a fusion power plant over the coming decade, using a partner-intensive and capital-efficient strategy. For more information, visit https://www.typeoneenergy.com/

Business identity

Contact email
[email protected]
Phone number
+1 608-616-5965
Operating status
Active
Company type
For Profit
Employee range
51-100 employees
Revenue range
$0-$1M
Founded
2019-01-01, Year

Headquarters

Postal code
37830
Country code
US
Continent
North America

Capital profile

Funding and company signals

Funding stage
Seed
Funding rounds
4
Total equity funding
$82.5M
Last funding
Convertible Note / $87M / 2026-01-14
Last equity funding
Seed / $53.5M
Investors
17
Lead investors
4
Founders
5
Articles
89

Founders and investors

Founders

Brian MatthewsChris HegnaDavid AndersonJohn CanikRandall Volberg

Lead investors

Breakthrough Energy VenturesDoral Energy-Tech VenturesTDK VenturesUS Department of Energy

Investors

Breakthrough Energy VenturesSeaX VenturesTDK VenturesTerabase EnergyWeaveGrid