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Helion, the Sam Altman-backed fusion startup, raises $465M to build a power plant for Microsoft

Helion Energy, a fusion startup backed by Sam Altman, has secured $465 million in funding to develop a fusion power plant for Microsoft, with a target completion date of 2028. The significant investment will accelerate the company's efforts to achieve commercial fusion energy production, marking a major milestone in the race for clean, sustainable power generation.

Background

Nuclear fusion, the process that powers the sun, has long been pursued as a potential source of clean, abundant energy, but achieving net energy gain has remained a significant scientific and engineering challenge. Helion Energy is one of several private companies working to commercialize fusion power, with backing from prominent tech investors like Sam Altman.

Source
TechCrunch
Published
Jun 5, 2026 at 02:54 AM
Score
8.0 / 10