Helion

Helion Energy, Inc. is an American fusion research and technology company based in Everett, Washington. Founded in 2013, Helion is dedicated to developing commercial fusion power plants that aim to provide clean, low-cost, and sustainable electricity. The company is led by CEO David Kirtley, CTO Chris Pihl, and Principal Scientist George Votroubek, and has received recognition for its innovative approach to clean energy. Helion is focused on magneto-inertial fusion technology, which combines magnetic and inertial fusion principles. Their reactors use deuterium and helium-3 as fuel, targeting aneutronic fusion to minimize radioactive waste. This technology is designed to be smaller, cheaper, and faster to develop than traditional fusion reactors, with the potential to produce electricity at around $0.01 per kWh. Helion's business model includes developing fusion generators, selling electricity through purchase power agreements, and partnering with large energy consumers like Microsoft and Nucor Corporation. The company aims to have its first commercial fusion power plant operational by 2028.