Thea Energy Completes Series B Extension to Advance Stellarator Fusion Plant Deployment
Thea Energy, Inc. announced on August 18 that it has completed an extension of its Series B financing round, with new investors including Brevan Howard Macro Venture, Aloniq, ALJ Investments, Beyond Earth Ventures, and other global strategic investors. The company stated that the new funds will be used to advance the engineering and commercial deployment of its stellarator fusion technology. Thea Energy had previously announced the completion of a $100 million Series B round, led by the U.S. Innovative Technology Fund (USIT) under Thomas Tull. The funds are primarily intended to expand magnet manufacturing capacity and build a second facility in northern New Jersey.
2026-08-19
