Series BType One Energy
Type One Energy Secures $200 Million In Series B Funding Led By Breakthrough Energy Ventures
Type One Energy, a Knoxville, Tennessee-based fusion power startup, raised $200 million in a Series B led by Breakthrough Energy Ventures and Clutterbuck Capital, with participation from Lowercarbon Capital, Siemens E…
By TradedVC Editorial1 min read
Type One Energy, a Knoxville, Tennessee-based fusion power startup, raised $200 million in a Series B led by Breakthrough Energy Ventures and Clutterbuck Capital, with participation from Lowercarbon Capital, Siemens Energy Ventures and SiteGround Capital. CEO Christofer Mowry said the funding will help the company develop its 400-megawatt commercial fusion power plant, Infinity Two, with a target to bring it online by 2034.
FOUNDERS: Chris Hegna, David Anderson, John Canik, Paul Harris & Randall Volberg
INVESTORS: Breakthrough Energy Ventures, Clutterbuck Capital, Lowercarbon Capital, Siemens Energy Ventures & SiteGround Capital
ROUND: Series B
AMOUNT: $200,000,000
HQ: Knoxville, Tennessee
#VentureCapital #TypeOneEnergy #ChrisHegna #BreakthroughEnergyVentures #TradedVC
ABOUT THE DEAL
- Raise
- $200M
- Round
- Series B
- Company
- Type One Energy
- Desk
- Deals
- Filed
- Oct 6, 2026
- Founders
- Chris Hegna
- David Anderson
- John Canik
- Paul Harris
- Randall Volberg
- Investors
- Breakthrough Energy Ventures
- Clutterbuck Capital
- Lowercarbon Capital
- Siemens Energy Ventures
- SiteGround Capital