Fusion energy company Helion has signed a power purchase agreement (PPA) with Microsoft to supply electricity generated from its first fusion power plant.

The plant is expected to come online by 2028 and will generate 50MW after a one-year ramp-up period.

Helion intends to enable a future with unlimited clean electricity.

Its CEO David Kirtley stated: “This collaboration represents a significant milestone for Helion and the fusion industry as a whole.

“We are grateful for the support of a visionary company like Microsoft. We still have a lot of work to do, but we are confident in our ability to deliver the world’s first fusion power facility.”

Helion noted that Constellation will serve as the power marketer and will manage transmission for the project.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The deal to purchase clean energy is part of Microsoft’s strategy to become carbon negative by 2030.

Microsoft vice-chair and president Brad Smith stated: “We are optimistic that fusion energy can be an important technology to help the world transition to clean energy.

“Helion’s announcement supports our own long-term clean energy goals and will advance the market to establish a new, efficient method for bringing more clean energy to the grid, faster.”