Knoxville, Tennessee — According to state and local development sources, Type One Energy Group plans to invest $223,500,000.00 to build out new space in Knoxville. The company is creating 330 new jobs at this facility. The company plans to occupy the new space in Knoxville, on or about September 1, 2025. According to the company website Type One Energy Group is mission-driven to provide sustainable, affordable fusion power to the world. The company was formed in 2019 by a team of globally-recognized fusion scientists with a strong track record of building state-of-art stellarator fusion machines, together with veteran business leaders experienced in successfully scaling companies and commercializing energy technologies. Type One Energy applies proven advanced manufacturing methods, modern computational physics and high-field superconducting magnets to develop its optimized stellarator fusion energy system. Its FusionDirect development program pursues the lowest-risk, shortest-schedule path to a fusion power plant over the coming decade, using a partner-intensive and capital-efficient strategy.

To learn more about Type One Energy Group, visit http://typeoneenergy.com/

Company Contact:
Christofer Mowry, Chief Executive Officer
christofer.mowry@typeoneenergy.com
https://www.linkedin.com/in/chris-mowry-397108a/
608-888-2798

SOURCE: http://www.intelligence360.io
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