In an effort to advance fusion-based clean energy, Tokyo-based Helical Fusion announced last month it raised $15 million in Series A funding to accelerate development of the world's first steady-state net power fusion plant, a reactor that the firm's CEO calls "another sun" on Earth.
The funding brings Helical Fusion's total capital, including grants and loans, to $35 million, fueling its Helix Program, a plan to deliver continuous, carbon-free electricity in the 2030s. The company's approach is based on the stellarator, a magnetic confinement device capable of maintaining plasma stability without the downtime of other fusion methods.
