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PLANET/ENERGY
HOME/ABOUT

WE ARE NOT
AN ENERGY
COMPANY.

We are a 317-person bet that the grid as you know it doesn't survive the 2030s — and that whoever builds what comes after writes the next century. We took the bet in 2019. We're winning it.

/ 01 — THE THESIS

The cheapest joule wins.
Always has. Always will.

Fossil fuels won the 20th century because they were cheap, dense, and dispatchable. Renewables are cheap and clean, but they aren't dispatchable — and storage doesn't fix that at scale. Fission is dispatchable and clean, but politically radioactive and slow to build.

Fusion is all of the above. Cheap. Clean. Dispatchable. Buildable. The physics has been done for thirty years. What was missing was the engineering. We are the engineering.

We don't pitch fusion as salvation. We pitch it as economics. At $31/MWh unsubsidised, every other source on the curve becomes a legacy asset on a depreciation schedule.

2019
Founded in a 240 ft² lab in Pasadena, off a Caltech post-doc grant
317
Plasma physicists, engineers, technicians — 41% PhD, 19% ex-DOE/national lab
3
Operating sites: Pasadena (HQ), Abu Dhabi (fuel), Osaka (magnets)
$1.4B
Total capital committed since Series A, March 2021
/ 02 — LEADERSHIP

WHO IS
RUNNING
THIS THING.

Three founders. Twenty-eight years of plasma physics, magnet engineering and grid trading between them. Plus the rest of the bench. /team.

Dr. Yara Kessler
PORTRAIT  /  PE-LDR-01

Dr. Yara Kessler

CO-FOUNDER · CEO

Plasma physicist (PhD MIT '13, post-doc Caltech '13–'19). Previously principal investigator on the SPARC tokamak collaboration. Author of 47 peer-reviewed papers on tokamak confinement. Holds patents on the high-temperature superconducting magnet topology used in Helios-1.

Idris Okafor
PORTRAIT  /  PE-LDR-02

Idris Okafor

CO-FOUNDER · CTO

Mechanical engineer, ex-SpaceX (Raptor cycle, 2014–'18), ex-Commonwealth Fusion (lead structural, 2018–'19). Runs the entire reactor build programme. Has personally welded the inner vessel of Helios-Prime. Famously distrusts CAD that he hasn't drawn himself.

Meg Halloran
PORTRAIT  /  PE-LDR-03

Meg Halloran

CO-FOUNDER · CCO

Twelve years on the ERCOT trading floor. Built the dispatch layer that became Grid-X. Has cleared more megawatt-hours into the Texas market than most utilities. Originally joined to write the term sheet; refused to leave.

/ MANIFESTO

We are deeply uninterested in being the energy company you've heard of. We are interested in being the energy company you can't get away from.

— DR. YARA KESSLER, INTERNAL MEMO · 14 FEB 2024

WHAT WE BELIEVE.

  1. 01Velocity is a moat. If we ship three reactors before the incumbents finish a press release, we win.
  2. 02Vertical integration is a feature. We make the magnets, the fuel cycle, the turbines, the dispatch layer. No vendors on the critical path.
  3. 03The grid is the product. A reactor is a thing that delivers cleared megawatt-hours under a contract. Everything else is a hobby.
  4. 04Safety is non-negotiable. Boredom is. The reactor must never surprise us. Everything else can.
/ 03 — THE BUILD

SIX YEARS.
FIVE ORDERS OF
MAGNITUDE.

From a benchtop magnet rig to net-positive plasma in 73 months. The next 60 months take us to commercial.

2019
FOUNDED.
JUL 2019 · PASADENA, CA
Yara Kessler, Idris Okafor and Meg Halloran incorporate Planet Energy Inc. First office: a converted machine shop on Foothill Boulevard. First employee: a borrowed undergrad named Priya. Seed cheque: $4M from Lowercase Capital and a confused-but-supportive uncle.
2021
FIRST PLASMA.
MAR 2021 · TEST RIG ALPHA
A 0.6 m benchtop tokamak holds 6 million K for 12 milliseconds. Useless as a power plant. Decisive as a proof point. Series A closes ten days later: $86M led by Founders Fund.
2023
HELIOS−PRIME COMMISSIONED.
SEP 2023 · PASADENA SITE B
A 4 m diameter test reactor — full-scale magnets, full-scale fuel handling, half-scale turbine block. First D-T shot 14 November. Net Q crosses 1.0 on shot #2,114, 22 December.
2025
GRID−X GOES LIVE.
AUG 2025 · ERCOT, TEXAS
We sell our first cleared megawatt-hour into the Texas market — not from fusion, but from a partner gas peaker we operate under contract. Goal: prove the dispatch software in the real market before our reactor is ready to feed it.
2026
HELIOS−1 BREAKING GROUND.
Q3 2026 · WEST TEXAS
First commercial-scale reactor. 200 MWₜ. NRC construction permit issued February 2026; site preparation underway. Off-take signed: Microsoft, two anchor data-centre tenants, the city of El Paso.
2031
FIRST POWER.
TARGET: Q2 2031 · ON-SCHEDULE
Helios-1 reaches commercial output. Our customers buy joules. We do not throw a party. We start building the second one.
/ 04 — CAPITAL

WHO IS BETTING
WITH US.

SERIES A · 2021

Founders Fund Lowercase Capital Khosla Ventures

$86M
SERIES B · 2023

Breakthrough Energy Temasek Octopus Energy

$210M
SERIES C · 2025

ARK Invest NEOM Energy Sovereign syndicate

$430M
SERIES C−2 · 2026

Existing syndicate + project-finance facility JP Morgan / Mizuho

$842M
/ 05 — LOCATIONS

WHERE WE
OPERATE.

PE-001
PASADENA, USA
Global HQ · Helios-Prime test reactor · Plasma diagnostics laboratory · 184 staff
PE-002
ABU DHABI, UAE
Tritium breeding research · Sovereign joint venture with NEOM Energy · 47 staff
PE-003
OSAKA, JAPAN
HTS magnet fabrication · Partnership with Sumitomo Heavy Industries · 86 staff
PE-004
WEST TEXAS, USA[BREAKING GROUND]
Helios-1 commercial reactor site · 414 acre lease · Construction starts Q3 2026
/ 06 — JOIN US

WE NEED FORTY-ONE
MORE OF YOU.

Plasma physicists, cryo engineers, RF specialists, controls engineers, structural welders, grid traders, paralegals who like nuclear law. The whole shopping list is open. Pay is competitive. The story is unbeatable.