Venture Capital Backs Helion's Path to Cheap Fusion Energy

Fusion startup Helion has secured new investment from a backer who has supported the company since 2014. Founded by David Kirtley and Chris Pollock, Helion stands out as one of the most viable approaches to fusion energy, having built a functioning generator with resources far smaller than those deployed by competitors. The company aims to achieve net electricity production by 2024 and targets offering electricity at one cent per kilowatt-hour long-term. If successful, abundant and cheap energy could enable applications like atmospheric carbon capture, potentially addressing the climate crisis. Since energy costs underpin nearly all economic sectors, dramatic reductions in energy prices would have profound effects on global living standards and economic output.