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 2
| Date | Title | Description | Source |
| 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... | finsmes.co... |
| 08.02.2024 | Thea Energy Announces $20 Million Series A Financing | Funds will accelerate next phase of planar coil magnet array manufacturing, integrated stellarator s... | einpresswi... |