Thea Energy

Thea Energy, previously known as Princeton Stellarators, is a cutting-edge startup that has revolutionized fusion technology. Founded in 2022, the company has capitalized on recent advancements in stellarator physics and engineering to develop a more efficient and scalable approach to fusion energy. By employing computer-controlled arrays of planar coils, Thea Energy has replaced the complex modular magnets found in traditional stellarator architectures. This innovative approach ensures steady-state, stable magnetic configurations, minimizing potential disruptions and positioning it as an optimal pilot plant architecture.

The company has roots in Princeton University and the Princeton Plasma Physics Laboratory, where the concept of the stellarator was first pioneered in 1951. Leveraging this foundational research, Thea Energy has introduced proprietary breakthroughs that simplify system design, enhancing practicality and scalability for long-term commercial operation and maintenance. The startup operates within the Energy, Renewable Energy, and Clean Energy sectors, with its headquarters in the United States.

Notably, Thea Energy secured a significant $20.00M Series A investment on 08 February 2024, with participation from prominent investors including 11.2 Capital, Prelude Ventures, Lowercarbon Capital, Starlight Ventures, Green D Ventures, Hitachi Ventures, Mercator Partners, Orion Resource Partners, and Anglo American.