Type One Energy Raises 200 Million
US fusion startup Type One Energy has secured 200 million in a funding round backed by Siemens Energy. The fresh capital will support the development of its stellarator reactor technology and prototype deployment.
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Type One Energy raised $200M in a Series B funding round backed by Siemens Energy AG and other investors. The infusion brings the United States fusion start-up's total funding to $400M. The financing ranks as the sector's third-largest Series B round over the last five years, per PitchBook data.
