Commerce signs Helion letter of intent for up to $175M in fusion hardware

The proposed award would support fusion power electronics as part of up to $389M in awards to four companies. The government would receive minority, non-controlling, non-voting equity stakes.

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Primary source: Reuters

Why it matters

The award puts federal money into the power electronics behind Helion's fusion system while giving the government an equity stake. It supports a key hardware layer, but does not establish Helion's commercial schedule or demonstrate commercial fusion performance.

Helion gets up to $175M in federal funding for fusion power semiconductors — The proposed award is part of a $389M package for four companies, with the government taking minority, non-voting equity stakes.

Helion co-founder and CEO David Kirtley once set fusion aside to work on spacecraft propulsion. The plasma research he encountered there helped shape the company he founded with three MSNW colleagues in 2013. Now the U.S.…

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