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        Thea Energy, a fusion energy company, reported the closure of its Series A financing round, securing a total of USD 20 million. The round was led by Prelude Ventures with participation from 11.2 Capital, Anglo American, Hitachi Ventures, Lowercarbon Capital, Mercator Partners, Orion Industrial Ventures, and Starlight Ventures.
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        The funds are to be used to construct and operate the company's superconducting planar coil magnet array systems. It will also support the design and simulation of Eos, Thea Energy&rsquo;s large-scale integrated neutron source stellarator system, and facilitate team expansion. 
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    <a href="https://www.globenewswire.com/news-release/2024/02/08/2826013/0/en/Thea-Energy-Announces-20-Million-Series-A-Financing.html">
      Press release
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Alternative Energy

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 <p>Fusion energy company, Thea Energy, has announced the successful closure of its Series A financing round, having secured a total of 20 million USD. Prelude Ventures took the lead in this round, with participation from 11.2 Capital, Anglo American, Hitachi Ventures, Lowercarbon Capital, Mercator Partners, Orion Industrial Ventures, and Starlight Ventures.</p>
 <p>The acquired funds will be channeled into construction and operation of superconducting planar coil magnet array systems belonging to the company. Additionally, these funds will aid in designing and simulating Eos, their large-scale integrated neutron source stellarator system, and will also contribute towards expanding the team.</p>
 
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All Updates

Thea Energy raises USD 20 million in Series A funding

US Department of Energy to provide USD 46 million to fusion companies

Alternative Energy

Thea Energy raises USD 20 million in Series A funding

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