Thea Energy, a technology company advancing the stellarator for the commercialization of an abundant source of baseload fusion power, announced it has raised $100 million in Series B funding that draws support from Thomas Tull's US Innovative Technology Fund (USIT), General Innovation Capital Partners (GICP), Linse Capital, Calm Ventures, Climate Capital, Divergent Capital, Emerald Technology Ventures, Gaingels, Idemitsu Kosan, Overlay Capital, Timescale Ventures, and Whatif Ventures.

The funding will expand the Company's magnet manufacturing capacity, fast-track the construction of its integrated fusion system, and ultimately accelerate progress toward commercial deployment.

This oversubscribed investment round underscores the growing demand for baseload power and confidence in Thea Energy's ability to deliver cost-competitive, scalable fusion power plants with lower-risk. Existing investors Alumni Ventures, Hitachi Ventures, Lowercarbon Capital, Mercator Partners, Orion Industrial Ventures, Prelude Ventures, and Starlight Ventures also participated, among others.