logo
Helion breaks ground on what could be the world's first fusion plant despite significant uncertainty

Helion breaks ground on what could be the world's first fusion plant despite significant uncertainty

Geek Wire30-07-2025
Sustainability: News about the rapidly growing climate tech sector and other areas of innovation to protect our planet. SEE MORE
Helion Energy officially breaks ground on its planned 50 megawatt fusion reactor in Malaga, Wash., on July 30, 2025. (Helion Photo)
Helion Energy announced today that it has broken ground on what it hopes will be the world's first commercial fusion energy plant, designed to harness the same nuclear reactions that fuel the sun and stars.
The facility will be located in Central Washington near the Columbia River and the town of Malaga.
'Today is an important day — not just for Helion, but for the entire fusion industry — as we unleash a new era of energy independence and industrial renewal,' said David Kirtley, co-founder and CEO of Helion, in a statement.
'Since we founded the company, we have been completely focused on preparing fusion technology for commercialization and getting electrons on the grid,' he added. 'Starting site work brings us one step closer to that vision.'
Helion seeks to unlock nearly limitless energy by fusing atomic nuclei together and capturing the energy they release. For decades, researchers and companies have pursued this goal, but none have achieved the crucial milestone of producing more energy than their fusion reactions consume.
The potential payoff, however, is so irresistible that dozens of ventures worldwide are working toward the goal, funded by billions of dollars from private investments and government coffers. In the past 12 months alone, investors pumped $2.5 billion into fusion companies globally, according to a July report from the Fusion Industry Association.
Two years ago, Helion and Microsoft signed a historic deal in which the cloud company agreed to buy power from the fusion company's first facility, which is scheduled to start operating in 2028. The timeline is wildly ambitious.
Foundation work being down at the Helion Energy reactor site in Central Washington. (Helion Photo)
Helion is building a 50 megawatt reactor that, if it works, would power Microsoft data centers in the region. The entire tech sector is scrambling for new clean energy sources to power the computers that support artificial intelligence.
'Fusion represents an inspiring frontier in the world's pursuit of clean and abundant power,' said Melanie Nakagawa, Microsoft's chief sustainability officer. 'While the path to commercial fusion is still unfolding, we're proud to support Helion's pioneering work here in Washington state as part of our broader commitment to investing in sustainable energy.'
For the Malaga facility, Helion is leasing land from the Chelan County Public Utilities District (PUD). The company said it's working on additional permitting processes to construct and operate a commercial fusion power plant.
Helion, which is based just north of Seattle in Everett, Wash., has spent 12 years on R&D and building prototypes in preparation for this deployment. It has raised more than $1 billion from investors including Sam Altman, OpenAI's CEO and co-founder, as well as SoftBank, Lightspeed Venture Partners, a university endowment and others.
The company is in the No. 2 spot on the GeekWire 200, a ranking of Pacific Northwest startups.
Keep scrolling for more photos.
Construction on the Helion power plant. (Helion Photo)
Earth moving at the planned Helion power plant. (Helion Photo)
Helion hopes to operate its first commercial reactor in Central Washington. (Helion Photo)
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Bessent Backtracks on Bitcoin: Treasury Committed to 'Budget-Neutral' BTC Buys
Bessent Backtracks on Bitcoin: Treasury Committed to 'Budget-Neutral' BTC Buys

Yahoo

time2 hours ago

  • Yahoo

Bessent Backtracks on Bitcoin: Treasury Committed to 'Budget-Neutral' BTC Buys

After saying earlier Thursday that the United States would not purchase Bitcoin for its planned strategic reserve, Treasury Secretary Scott Bessent apparently had a change of heart, again leaving the door open for potential purchases. "Bitcoin that has been finally forfeited to the federal government will be the foundation of the Strategic Bitcoin Reserve that President Trump established in his March Executive Order," he wrote on X. "In addition, Treasury is committed to exploring budget-neutral pathways to acquire more Bitcoin to expand the reserve, and to execute on the President's promise to make the United States the 'Bitcoin superpower of the world.'" Bessent said on Fox Business earlier Thursday that "we're not going to be buying that," in reference to Bitcoin for a strategic U.S. reserve. The comments contradicted previous statements from officials in the Trump administration. Established via executive order in March, Bessent said earlier on Thursday that the U.S. held between $15 billion and $20 billion worth of Bitcoin in its strategic reserve, and the government wouldn't be buying Bitcoin to pad out that stash—rather only holding on to seized funds. The comments sparked outrage among some industry onlookers, with one viral X post claiming that 'the Washington crypto lobby lied' about the initiative that represented one of President Donald Trump's biggest overtures to the crypto industry. Bitcoin hardly budged following Bessent's revised remarks, changing hands around $118,000 on Thursday afternoon, according to crypto data provider CoinGecko. Over the past 24 hours, its price has fallen 3.9%, from an all-time above $124,000 the day before. The Trump administration has shifted direction on crypto initiatives before. On the campaign trail, Trump initially floated a Bitcoin stockpile, but the initiative was later expanded to include other cryptocurrencies, including Ethereum, Solana, XRP, Cardano. Bitcoin, Ethereum Fall as PPI Shock Squashes Hopes for Jumbo Rate Cut Ultimately, Trump's executive orders created a strategic Bitcoin reserve that is separate from a digital asset stockpile containing other cryptocurrencies. White House Crypto Czar David Sacks told Decrypt in March that it was up to Bessent and U.S. Commerce Secretary to Howard Lutnick to 'determine if there are budget-neutral ways of adding to our Bitcoin reserve,' but so far, neither have given specifics. Editor's note: This story was updated after publication with additional details.

Elon Musk urged businesses to ditch Delaware. Nevada saw an opportunity.
Elon Musk urged businesses to ditch Delaware. Nevada saw an opportunity.

Yahoo

time5 hours ago

  • Yahoo

Elon Musk urged businesses to ditch Delaware. Nevada saw an opportunity.

Elon Musk urged businesses to leave Delaware after a 2024 clash with its Court of Chancery. Other states, like Nevada, are eager to attract those corporations. Clark County, home to Las Vegas, is building an innovation district focused on tech. Elon Musk has made his feelings about the state of Delaware clear. "Companies should get the hell out of Delaware," Musk wrote last August on X. Although Delaware's Secretary of State told Business Insider its role as the "corporate capital of the world" is not under threat, states like Wyoming, Texas, and Florida — and especially Nevada — have emerged as popular alternatives. Musk's unhappiness with Delaware began in 2024 after a judge for the state's Court of Chancery denied his multi-billion-dollar pay package. In response, Musk attacked the court on X and advised others to avoid incorporating in Delaware. The billionaire has since moved Tesla and SpaceX to Texas. Musk wasn't the only business leader ready to ditch Delaware, as it turns out. VC firm Andreessen Horowitz announced its departure from the state in July, saying recent rulings in the Court of Chancery undermined its "reputation for unbiased expertise." Roblox, Dropbox, and Trump Media have also left Delaware. Delaware is considered a premier state for businesses to incorporate, in part, because of the Delaware General Corporation Law. The business-friendly statute is the foundation of its corporate law. While there are various reasons a business might incorporate outside Delaware, Musk and companies like Andreessen Horowitz said they are seeking a more favorable legal landscape. Nevada sees an opening Some of the companies that have left Delaware have chosen Nevada as their new corporate home. Andreessen Horowitz is one. The company said in its blog post that Nevada law provided less "legal uncertainty" than Delaware. Bill Ackman, the billionaire CEO of Pershing Square Capital Management, said in February that his firm would also move from Delaware to Nevada. "Top law firms are recommending Nevada and Texas over Delaware," Ackman posted to X at the time. Nevada isn't just seeking companies to incorporate there, however, it also wants to attract their offices and workers. "What it's about is making sure that we're not just getting those businesses to incorporate on paper, but we also want their physical assets here," Clark County Commissioner Michael Naft told Business Insider. Clark County is home to Las Vegas. Len Jessup, a general partner with Desert Forge Ventures, which is based in Las Vegas and invests in early-stage companies, told Business Insider that he's seen more corporations choose Nevada as a home. "We've seen founders moving here — a lot of them from California because it's adjacent — but they're coming from all over," Jessup said. They're being drawn to Nevada for a variety of reasons, including no state income tax on individuals, no capital gains tax, and what Jessup described as lighter regulations. While Nevada doesn't have an individual income tax, it does enforce a commerce tax on businesses earning more than $4 million in gross revenue. Lindsey Mignano, a founding partner of SSM Law PC who represents emerging tech companies, said the different tax structures "may make less of a difference" in the early stage because "revenue is not yet high, but at the later stages of a company's lifecycle, this can absolutely add up." Clark County is hoping to draw more companies to the region by developing what it's calling an "innovation district." "It has been something that we've been really methodical about. We've gotten stakeholders together, but at the end of the day, Clark County's innovation district is really about lifting up what's happening here organically and using those assets to attract more like-minded businesses and individuals to be part of that space," Naft said. For Jessup, getting companies to incorporate in Nevada is a way to expand the state's economy, which mostly relies on its hospitality and tourism industries. "My goal is, 10 years down the road, I want to have helped to create companies in tech and biotech — so, outside of gaming, hospitality, sports, and entertainment — that add to the ecosystem and help to diversify the economy," Jessup said. The Las Vegas Convention and Visitors Authority reported that the number of visitors declined 11.3% this June compared to the same time last year. "The state still does these cycles of boom and bust. I'd like to see us add more companies locally, like Switch's data center company, that are a little bit more recession-resistant," Jessup said, referring to the AI, cloud, and data center company. Naft said officials are still determining details about the Clark County innovation district, but are hopeful it could help solidify it's foothold as a business capital. "We want to make sure that people understand that we are open to new ideas," he said. Read the original article on Business Insider

Week in Review: Most popular stories on GeekWire for the week of Aug. 10, 2025
Week in Review: Most popular stories on GeekWire for the week of Aug. 10, 2025

Geek Wire

time6 hours ago

  • Geek Wire

Week in Review: Most popular stories on GeekWire for the week of Aug. 10, 2025

Get caught up on the latest technology and startup news from the past week. Here are the most popular stories on GeekWire for the week of Aug. 10, 2025. Sign up to receive these updates every Sunday in your inbox by subscribing to our GeekWire Weekly email newsletter. Most popular stories on GeekWire Reports of stricter Microsoft return-to-office policy add to post-layoff uncertainty Is Microsoft about to shake up its workforce again? A new report this week by The Verge is adding to the speculation that the company is preparing to tighten its return-to-office policy, potentially requiring most employees at its Redmond headquarters to be on-site at least three days a week starting in January. In response to an inquiry from GeekWire, a Microsoft spokesperson confirmed that the company is reviewing its flexible work guidelines, as it has in the past, but said no final decisions have been made. … Read More Photos: Inside the Allen Institute for AI's new HQ in Seattle's first mass-timber office building It was a big news week for Seattle's Allen Institute for Artificial Intelligence (Ai2), including the announcement of a new AI robotics initiative and a landmark grant from Nvidia and the National Science Foundation to lead the creation of the future AI backbone for U.S. … Read More

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store