Thea Energy, formerly Princeton Stellarators, Inc (PSI), is an American fusion power company based in New Jersey. The company was founded in 2022 after a spin-off from the Princeton Plasma Physics Laboratory (PPPL) and Princeton University. Thea Energy's approach to commercial fusion is based on a stellarator device using a unique set of all-planar electromagnetic coils, the latter developed by PPPL and licensed by Thea Energy.
History Thea Energy was founded in 2022 as Princeton Stellarators, Inc, based on technology licensed from PPPL. Thea Energy received two United States Department of Energy INFUSE awards in 2022 and one in 2023. In May 2023, Thea was one of eight companies chosen for the United States Department of Energy Milestone-Based Fusion Development Program. In September 2024, Thea Energy announced it had raised US$20 million in a Series A funding round led by Prelude Ventures, with participation from 11.2 Capital, Anglo American, Hitachi Ventures, Lowercarbon Capital, Mercator Partners, Orion Industrial Ventures, and Starlight Ventures. It was reported that proceeds will be used to construct and operate its proprietary superconducting planar coil magnet array systems, support the design and simulation of its large-scale integrated neutron source stellarator Eos, and expand its team.
Approach
Thea Energy's approach is a variant of the stellarator in which the complex, modular electromagnetic coils are replaced by an array of small, simple, planar electromagnetic coils. This approach simplifies the design, and allows precise 3D control of the resultant magnetic field, and increased access for system maintenance. As an intermediate step towards a fusion power plant, Thea is building Eos, a neutron source based on the same technology. Eos is intended to demonstrate the technology and generate near-term revenue. It is expected to run sub-breakeven in energy output, but to emit large fluxes of neutrons to produce radionuclides (radioisotopes) such as tritium and medical radioisotopes. The fuel for the neutron source will be deuterium rather than a mix of deuterium and tritium.
See also List of nuclear fusion companies Wendelstein 7-X Plasma stability
References
External links Official website Thea Energy presentations and publications Gates, David (19 December 2023). "Reinventing the Stellarator, talk at the 2023 annual Fusion Power Associates meeting, Session: Pilot Plants for Fusion Power" (PDF).
