Thea Energy, a New Jersey-based company focused on commercializing fusion energy, has secured $100 million in Series B funding to advance its stellarator technology. This funding will facilitate the construction of its Helios power plant and enhance its manufacturing infrastructure, including the establishment of a second facility in New Jersey. Thea aims to deliver cost-competitive and scalable fusion power plants, leveraging simplified magnet technology that utilizes flat, AI-enabled superconducting magnets. The company is progressing towards the site selection and construction of its first large-scale integrated stellarator, named Eos, and plans to double its workforce. The U.S. Department of Energy has certified Thea's power plant preconceptual design, making it the first company to achieve this milestone under the DOE's Milestone-Based Fusion Development Program. The funding round included significant investors like Thomas Tull’s US Innovative Technology Fund and various venture capital partners, underscoring confidence in Thea's innovative approach to fusion energy.