Fusion company Type One Energy opens Oak Ridge talent center
U.S. Congressman Chuck Fleischmann (R., Tenn.) speaks at the ETEC NOW Conference in Knoxville. (Photo: Type One Energy
Type One Energy Group, a Madison, Wis. –based stellarator fusion energy company, announced the opening of new offices in Oak Ridge, Tenn., during the East Tennessee Economic Council’s fifth annual NOW Conference, held August 1–2 in Knoxville.
Type One Energy’s expansion into Oak Ridge follows the company’s recent funding of an oversubscribed seed round of $29 million. The company is also one of eight fusion developers that was selected by the Department of Energy in late May to receive a total of $46 million in funding to kick off the public-private Milestone-Based Fusion Development Program, aimed at developing fusion pilot plant designs.
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