Thea Energy Raises $100 Million Series B

Thea Energy closed a $100 million oversubscribed Series B round with backing from new and existing investors.

Investors include US Innovative Technology Fund, General Innovation Capital Partners, Linse Capital, Idemitsu Kosan, Alumni Ventures, Hitachi Ventures, and Lowercarbon Capital.

The company will use the funding to expand magnet manufacturing, build its integrated fusion system, and advance its stellarator-based approach.

The raise marks a step toward commercialization of fusion power and reliable clean baseload electricity.