Thea Energy (formerly Princeton Stellarators) was founded in 2022 with a focus on leveraging recent breakthroughs in stellarator physics and engineering to create a faster, simpler approach to commercializing fusion energy. Thea Energy is reinventing the stellarator using computer-controlled arrays of planar coils and replacing the intricate, complex modular magnets required in all other proposed stellarator architectures. Stellarators are inherently steady-state, stable magnetic configurations that eliminate potential disruptions, making it an optimal pilot plant architecture. Thea Energy is building off foundational research and technology development that it spun out of Princeton University and Princeton Plasma Physics Laboratory, where the stellarator was first imagined in 1951. Thea Energy's proprietary breakthroughs have now enabled systems to be simpler and more practical than previously possible resulting in a system design that can scale to long-term commercial system operation and maintenance.
Location: United States, New Jersey, Princeton
Employees: 11-50
Total raised: $20M
Founded date: 2022
Investors 1
| Date | Name | Website |
| 25.10.2023 | 11.2 Capit... | 112capital... |
Funding Rounds 1
| Date | Series | Amount | Investors |
| 08.02.2024 | Series A | $20M | - |
Mentions in press and media 7
| Date | Title | Description |
| 08.02.2024 | Thea Energy Raises $20M Series A Financing | Thea Energy, a Princeton, NJ-based fusion energy company, raised $20M in Series A funding. The round was led by Prelude Ventures with participation from other investors including 11.2 Capital, Anglo American, Hitachi Ventures, Lowercarbon C... |
| 08.02.2024 | Thea Energy raises $20M Series A for pixel-inspired fusion power plants | To build a fusion power plant, engineers are forced to make some difficult choices. Do they go with the simpler design and then, while in operation, force the plasma to behave so it doesn’t snuff itself out? Or do they opt for a complex des... |
| 08.02.2024 | Thea Energy Announces $20 Million Series A Financing | Funds will accelerate next phase of planar coil magnet array manufacturing, integrated stellarator system modeling, and team growth PRINCETON, N.J., Feb. 08, 2024 (GLOBE NEWSWIRE) -- Thea Energy Inc., a fusion energy company advancing stell... |
| 08.02.2024 | Thea Energy Announces $20 Million Series A Financing | - |
| 08.02.2024 | Thea Energy Completes $20M Series A Round | PRINCETON, NJ, Thea Energy, a fusion energy company advancing stellarator technology for commercialization, today announced the closing of a $20 million Series A financing. >> Click here for more funding data on Thea Energy >&g... |
| - | Thea Energy | “Discover Thea Energy, a fusion energy company reinventing the stellarator to create a limitless source of zero emission energy for a sustainable future.” |
| - | Thea Energy: Fusion Energy Company Closes $20 Million | Thea Energy (a fusion energy company advancing stellarator technology for commercialization) announced the closing of a $20 million Series A financing. Prelude Ventures led the round with participation from other investors, including 11.2 C... |