Fusion company Type One Energy opens Oak Ridge talent center

August 4, 2023, 7:01AMNuclear News

U.S. Congressman Chuck Fleischmann (R., Tenn.) speaks at the ETEC NOW Conference in Knoxville. (Photo: Type One Energy

Type One Energy Group, a Madison, Wis. –based stellarator fusion energy company, announced the opening of new offices in Oak Ridge, Tenn., during the East Tennessee Economic Council’s fifth annual NOW Conference, held August 1–2 in Knoxville.

Type One Energy’s expansion into Oak Ridge follows the company’s recent funding of an oversubscribed seed round of $29 million. The company is also one of eight fusion developers that was selected by the Department of Energy in late May to receive a total of $46 million in funding to kick off the public-private Milestone-Based Fusion Development Program, aimed at developing fusion pilot plant designs.

Location, location, location: According to Type One Energy, the new Oak Ridge offices reflect the company’s corporate strategy to organize around fusion talent centers. This location places a team at the heart of a talent-rich fusion hub near Oak Ridge National Laboratory, home to a Fusion Energy Division and the U.S. ITER program, the company said.

“Type One Energy plans to establish a significant local presence to take advantage of the tremendous availability of talent and technical capabilities offered by ORNL and the regional industry,” said Christofer Mowry, chief executive officer of Type One Energy. “We are strategically centering our operations in areas throughout North America that prioritize fusion development. Like our offices in Madison, Wis., and Boston, Mass., each location represents an important node in our company’s long-term plans for collaboration and innovation.”

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