OpenAI in Talks with Helion Energy for 50 GW Fusion Power PPA by 2035; Helion Secures Major AI Offtakers and Investor Backing

Artificial intelligence leader OpenAI is reportedly in discussions with fusion energy startup Helion Energy to secure up to 50 GW of clean electricity by 2035, with an initial 5 GW by 2030. This potential power purchase agreement (PPA) underscores the escalating energy demands of large-scale AI models and positions AI companies as significant industrial energy consumers. Helion Energy, which has already signed a PPA with Microsoft for power starting in 2028, is also backed by notable investors including Softbank, Mithril Capital, and Meta, with OpenAI CEO Sam Altman also a significant investor. The deal highlights a strategic shift for AI firms towards securing dedicated, long-term, and carbon-free power sources, potentially redefining the competitive landscape of the AI industry.

Counterparts (5)

Offtaker

OpenAI

company

OpenAI is focused on artificial intelligence research and deployment. While not directly an infrastructure investor, its activities in AI require significant computing power, leading to investment and development in data centers and related energy infrastructure.

Investor

Meta

company · 2 deals

Meta is a technology company focused on social technology, VR, AR, and AI. They are committed to building the future of human connection and making a positive impact.

Softbank

company

Tokyo-based technology investment conglomerate operating SoftBank Vision Fund and SoftBank Latin America Fund, with strategic investments across AI, telecommunications, and energy infrastructure. Active in infrastructure development through SB Energy, including the PORTS Technology Campus redevelopment in the United States.

Mithril Capital

company

Mithril Capital is a venture capital fund founded in 2012, investing in technology-driven businesses across all sectors and geographies, often in industries undergoing transformation. Headquartered in Austin, Texas, it partners with teams building lasting companies.

ipp

H

Helion Energy

company