We are excited to announce that we have established Type One Energy’s newest talent center in East Tennessee. John Canik, our chief science officer, debuted the news in Oak Ridge during the East Tennessee Economic Council’s fifth annual NOW Conference.
The company’s newest location reflects Type One Energy’s corporate strategy to organize around fusion talent centers. The Oak Ridge office places a team at the heart of a talent-rich fusion hub near the Oak Ridge National Laboratory (ORNL), home to a robust Fusion Energy Division and the U.S. ITER program. Distributed business functions and locations enhance Type One Energy’s partner-rich and capital-efficient FusionDirect program.
“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, CEO of Type One Energy. “We are strategically centering our operations in areas throughout North America that prioritize fusion development. Like our offices in Madison, Wisconsin, and Boston, Massachusetts, each location represents an important node in our company’s long-term plans for collaboration and innovation.”
This expansion follows the company’s recent funding of an over-subscribed seed round of $29M and inclusion in the U.S. Department of Energy’s $46 million Milestone-Based Fusion Development program.
Tennessee Rep. Chuck Fleischmann, co-chairman of the Fusion Energy Caucus and Chairman of the Energy and Water Subcommittee of Appropriations, helped make the region an attractive location for technology companies.
“Public-private partnerships ensure we have the options we need to achieve deep decarbonization. We’re going to see a lot more effort in the fusion area and Oak Ridge is going to lead. As a nation, we have unbelievable efforts taking place coast-to-coast, and I’m proud to be the champion for America’s leadership in fusion science and energy initiatives. It is exciting to see a growing fusion sector creating jobs and economic growth in the state,” Rep. Fleishman stated during the ETEC keynote.
Future expansion for Type One Energy Group is expected near other fusion clusters.