Thea Energy

Thea Energy is a fusion energy company based in the U.S., founded in 2022 as a spin-out from the Princeton Plasma Physics Laboratory and Princeton University. Headquartered in Kearny, New Jersey, with an office in Princeton, the company focuses on developing a scalable, zero-emission fusion power system through innovative stellarator design. Thea Energy's key technology is its planar coil stellarator architecture, which utilizes simple, mass-producible planar electromagnetic coils. This design enhances construction efficiency, magnetic field precision, and maintenance access. The company is working on the Eos Neutron Source, a sub-breakeven fusion device that produces neutrons for industrial and medical applications. The long-term goal is to create full-scale stellarator-based reactors that provide carbon-free power. Thea Energy has secured $20 million in Series A funding and collaborates with the U.S. Department of Energy on various initiatives to advance fusion energy commercialization.