Thea Energy lands $20M federal grant to build its magnets for fusion reactors

Fusion power startup Thea Energy snagged a $20 million award from ARPA-E to scale production of its high-temperature superconducting magnets.

With a new $100M raise, Princeton’s Thea Energy is now a top-funded fusion startup

Thea Energy’s pixel-inspired magnets could give its power plant plans a boost. The fusion startup hopes to get a commercial reactor working by 2034.