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Type One Energy raised $200M to build a fusion power plant by 2034

Publisher description: Type One Energy is betting that its lean approach to fusion power will get a power plant on the grid faster, and investors have rewarded it with $200 million.

TechCrunch | Oct 6, 2026 | Tim De Chant

Automated excerpt

Type One Energy, a Knoxville, Tennessee-based startup founded in 2019 to build fusion power plants, announced Tuesday morning that it has raised $200 million from investors. The secret, Mowry said, is Type One’s business model. Most fusion startups rely on suppliers for some components, but Type One plans to go further.

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