The Duck Curve#tva
Type One Energy raises $200M Series B for its Tennessee fusion plant
Type One Energy said on October 6, 2026 that it closed a $200 million Series B co-led by Breakthrough Energy Ventures and Clutterbuck Capital, with Lowercarbon Capital, Siemens Energy Ventures and SiteGround Capital among new investors, for its stellarator program and Project Infinity at TVA's Bull Run site. CEO Christofer Mowry told TechCrunch the round should get the company halfway to paying for a 400-megawatt commercial plant.
NRC issues TVA a construction permit for a 300 MW BWRX-300 at Clinch River
The Nuclear Regulatory Commission issued the Tennessee Valley Authority Construction Permit CPAR-2 for Clinch River Nuclear Unit 1, a GE Vernova Hitachi BWRX-300 rated 300 MWe, dated September 28, 2026 and announced September 29 as clearing the way for the nation's first commercial small modular reactor after a 14-month review. The permit sets the earliest completion date at October 1, 2031 and the latest at September 30, 2032, and a separate operating license is required before fuel load; TVA's release says no construction date has been announced.
Tennessee issues Type One Energy a fusion-specific license
Tennessee regulators announced on August 31, 2026 what the state calls the nation's first license issued under a fusion-specific regulatory framework: a byproduct material license for Type One Energy's Project Infinity at TVA's retired Bull Run coal site in Clinton. The company says it intends to break ground in 2026 and expects a full startup by 2034.
