The design of the “Helios” planar coil stellarator power plant demonstrates a uniquely practical commercial fusion architecture, enabling scalable manufacturing and construction, efficient maintenance, a high capacity factor, and competitive economics. Helios builds on the bedrock scientific basis of the stellarator, one of the most de-risked fusion architectures, and leverages decades of research and verified integrated system performance. An overview paper on the Helios fusion power plant design is available as a preprint. KEARNY, N.J., Dec. 15, 2025 (GLOBE NEWSWIRE) — Thea Energy, Inc., a fusion technology company advancing the stellarator for the commercialization of a carbon-free and abundant source of energy, today announced the completion of its preconceptual fusion power plant design. The “Helios” system is the first stellarator fusion power plant architecture that is realistic to build and operate with hardware that is available today, and that is tolerant to the rigors of manufacturing, construction, long-term operation, and maintenance of a commercial device. This major milestone has accelerated conversations with over a dozen future utility and offtake partners interested in deploying cost-competitive, baseload fusion power. This milestone is part of an integrated, comprehensive preconceptual design study that was submitted to the U.S. Department of Energy (DOE) as part of the Milestone-Based Fusion Development Program. An initial paper, “Overview of the Helios Design: A Practical Planar Coil Stellarator Fusion Power Plant”, details a system that combines software-controlled magnet coils that are adaptable to real-world conditions, the world’s first stellarator ‘divertor’ exhaust system capable of fusion power operations, and a sector-based maintenance scheme enabling long-term plant viability. This paper is available as a preprint on the Company’s website under “Presentations & Publications” and via arXiv. The Company has submitted this paper to a peer-reviewed journal alongside additional manuscripts detailing specific power plant subsystems. As part of the DOE Milestone Program, selected companies work to demonstrate critical technologies and design power plants in preparation for commercialization. This report marks the completion of the last major milestone for Thea Energy in the initial phase of the program. Helios is designed to operate continuously and reliably provide approximately 400 MW net electricity to the grid, with a total thermal output of 1.1 GW. Helios has a major radius of 8 m, making it the most compact optimized stellarator power plant architecture. All normalized plasma parameters utilized in the Helios power plant architecture have been previously achieved in existing large-scale stellarator systems. • Quasi-axisymmetric (QA) stellarators have the lowest plasma shaping requirements which means they can use the simplest system hardware, including magnets, and have a smaller footprint and cost. • Helios has a high capacity factor of over 85%. The planar coil architecture allows for a practical commercial maintenance scheme, a primary design motivator. Entire toroidal sectors can be more easily removed from the system with a low number of unique parts, minimizing downtime, and enabling a 40+ year system lifetime. • Implementing known and developed materials, the fusion-facing first wall is expected to have an average lifetime of 15 years before needing replacement, which also contributes to the system’s overall high capacity factor. • Helios utilizes the world’s first tokamak-like “X-point” divertor in a stellarator architecture. This divertor has a simpler geometry and is designed to exhaust gas 10x more effectively than prior stellarator divertors. Heat exhaust from the plasma was an unsolved challenge for the stellarator, compounded by complex magnet geometry. Thea Energy’s groundbreaking solution is significant and also allows the Company to take advantage of decades of tokamak experience. • Helios has a maximum magnetic field on the superconducting coils of 20 T, which is within realistic engineering parameters and performance levels previously achieved by large-bore HTS magnets. • Helios has a practical radial build compared to competing power plant architectures, with over a meter of space for energy conversion blankets and shielding. This larger plasma offset enables the lifetime of all magnets to be estimated at over 40 years, decreasing required maintenance and increasing overall economic viability. • High-fidelity simulations with state-of-the-art codes indicate low turbulent energy leakage (transport), meaning less heat leaks from the plasma, the fuel of fusion. This results in a more compact system with less heating power required compared to other proposed stellarator designs. “Helios does not rely on future scientific breakthroughs,” said David Gates, Ph.D., Co-founder and Chief Technology Officer of Thea Energy. “Helios is designed to combine the inherent benefits of the stellarator – steady-state operation, no risk of damaging disruptions, and high efficiency – with programmable, planar magnets. This is the evolution of the stellarator for commercialization. Our proprietary architecture can individually control hundreds of magnets using a software stack to configure stellarator magnetic fields, while accounting for manufacturing and assembly errors as well as system wear and tear over its operational lifetime. This also uniquely enables our power plant architecture to utilize AI to increase performance and apply long-term software level system updates.” Brian Berzin, Co-founder and Chief Executive Officer of Thea Energy, added, “Fusion will change humanity forever, but mass-manufacturable, cost-competitive systems that operate continuously are critical for deploying this abundant form of energy at scale. The Helios preconceptual design is accelerating the formation of commercial partnerships and first customers for Thea Energy power plants, a result of the work from nearly every member of our organization. Now 80+ skilled engineers, scientists, and commercialization experts, this team is championing the leading approach to a maintainable and dynamically controllable stellarator fusion system.” Thea Energy is on track to operate Helios in the 2030s following “Eos”, its large-scale demonstration system which will create power-plant-relevant, steady-state fusion using the Company’s simplified architecture. Eos will directly benefit from the breakthroughs highlighted in the Company’s Helios design and is scheduled to be online by 2030. Thea Energy is currently in conversations with five states for the siting of Eos and expects to select and announce a location for the integrated system in 2026. Carlos Paz-Soldan, Ph.D., Associate Professor of Applied Physics and Applied Mathematics at Columbia University, added, “Thea Energy’s design presents several significant innovations on the conventional approach to build stellarators. The planar coils are easier to manufacture and promise to reduce overall system complexity. They also provide new flexibility to the concept and facilitate plant maintenance. Other innovations include the power handling scheme, where a topology closely related to the conventional tokamak solution has been found for the first time in a stellarator power plant design. I congratulate the team on a job well done. My colleagues and I look forward to further collaborations with Thea Energy's team on this design, enabling continued improvements to the stellarator.” Scott C. Hsu, Ph.D., Fusion Partner at Lowercarbon Capital, added, “Thea Energy is the kind of innovative opportunity that is difficult to overlook. The Company’s architecture is modular, programmable, and cost-effective – a trifecta that puts them on a scalable path to commercial fusion. Thea Energy’s design makes its first plant, Helios, cheaper to build and the next ones cheaper to replicate. We appreciate the Company’s capital efficiency paired with its scientific transparency. Notably, Thea Energy is one of the DOE Milestone Program awardees who are seriously tackling an integrated preconceptual design, and we are proud to have invested in them to help bring this architecture to market.” Jonathan Menard, Ph.D., Deputy Director for Research at the U.S. DOE’s Princeton Plasma Physics Laboratory (PPPL), added, “Thea Energy has modeled the Helios plasma using high-fidelity codes run on supercomputers here at PPPL and DOE's NERSC. The Company has simulated the most important performance indicators of stellarator fusion power plants, including turbulent transport, fusion-product confinement, magnetohydrodynamic (MHD) stability, and plasma exhaust. These simulations included truly novel contributions to the field; the first tokamak-like X-point divertor in a high-performance stellarator, and the first proposed stellarator power plant system design to use the M3D-C1 MHD evolution code to project access to the required conditions. Thea Energy benefits from decades of foundational research and simulation tool development from institutions like PPPL, to push forward the state of the art, and we look forward to our continued partnership across power plant design, engineering, and manufacturing as the Company progresses.” Thea Energy, Inc. is building an economical and scalable fusion energy system utilizing arrays of mass-manufacturable magnets and dynamic software controls. Commercial fusion energy can uniquely provide an abundant source of zero-emission power for a sustainable future. Thea Energy is leveraging recent breakthroughs in computation and controls to reinvent the stellarator, a scientifically mature form of magnetic fusion technology. Thea Energy was founded in 2022 as a spin-out of the Princeton Plasma Physics Laboratory and Princeton University, where the stellarator was originally invented. The Company was selected as an inaugural awardee of the U.S. Department of Energy’s Milestone-Based Fusion Development Program following a detailed merit review process and is also supported via six INFUSE awards. Thea Energy is currently designing its first integrated fusion system, Eos, based on its planar coil stellarator architecture which will produce fusion neutrons at scale and in steady state. Investor Contact: Robin Brown [email protected] Media Contact: Madeline Joanis [email protected]