Microsoft, Helion agree to first-ever deal for fusion energy by 2028

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Microsoft, Helion agree to first-ever deal for fusion energy by 2028
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Microsoft says commercial use of fusion-produced energy will be available within 5 years as part of new deal with Sam Altman-backed Helion

Microsoft and Helion, a research company backed by OpenAI CEO Sam Altman, are teaming up to make fusion-produced energy available commercially much sooner than experts previously estimated.Wednesday that outlines a plan for Helion to provide at least 50 megawatts of power for Microsoft by 2028. The agreement between Microsoft and Helion appears to be the first-ever deal for a company to commit to buying fusion-powered electricity for commercial use.

Part of the deal includes unspecified financial penalties if Helion fails to provide the amount of energy specified to some of Microsoft's facilities in Washington, the Wall Street Journal"We still have a lot of work to do, but we are confident in our ability to deliver the world's first fusion power facility," Helion CEO David Kirtley said in aAccording to Brad Smith, Microsoft vice chair and president, the effort is intended to"advance the market to establish a new,...

"We are optimistic that fusion energy can be an important technology to help the world transition to clean energy," Smith said in a statement.

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