Company

Type One Energy Group, Inc.

Type One Energy develops stellarator-based fusion power systems for utility-scale energy generation.

About

Founded in 2019 by Dr. John Canik, Prof. Chris Hegna, Paul Harris and Randall Volberg, Type One Energy develops fusion power systems based on stellarator technology. Its design uses magnetic confinement and is intended for power generation, including at repurposed coal and natural gas plants. Based in Knoxville, US, it raised USD 87 million in venture funding in January 2026 from Breakthrough Energy Ventures, Doral Energy-Tech Ventures and TDK Ventures.

3Funding rounds

8Investors

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