TECH BUYER · REDMOND, WA, USA

Microsoft

First named buyer for a fusion plant (Helion Orion PPA, 2023). microsoft.com/en-us/corporate-responsibility/sustainability

Projects

0 operating

Buys from

885 MW of capacity

Funds

projects with its money

Money in

—

project-specific, disclosed

Builds

as developer

What changed recently

last 120 days · from the timeline below

DOE adds helium to the Critical Material List · policy · Oct 27, 2026
Heron Power: Heron Power and NiSource announce US data centre and BESS-focused deals with Vantage, Microsoft · news · Oct 26, 2026
Helion Energy: Fusion startup Helion is developing new semiconductors that could double output of its power plants · news · Oct 22, 2026

Activity timeline

Open in the Brief calendar →

Coming up

~2027
PROJECT · CRANE CLEAN ENERGY CENTERRestart (Constellation target)
Londonderry Township, Dauphin County, PA
world-nuclear-news.org →+ THESIS
~2028
OFFTAKE · ORIONAt least 50 MW to Microsoft (contract deadline)
Malaga, WA
fusionenergynews.com →+ THESIS

Oct 27, 2026
POLICYDOE adds helium to the Critical Material List
DOE added helium to its Critical Material List, citing semiconductors, natural-gas leak testing and quantum computing. Helium also cools fusion magnets and high-temperature gas reactors. Affects Orion.
+ THESIS
Oct 26, 2026
OTHERHeron Power: Heron Power and NiSource announce US data centre and BESS-focused deals with Vantage, Microsoft
Energy-Storage.news: Heron Power and NiSource have separately announced US data centre-focused deals involving battery energy storage systems (BESS) in recent days.
energy-storage.news →+ THESIS
Oct 22, 2026
PROJECTHelion Energy: Fusion startup Helion is developing new semiconductors that could double output of its power plants
TechCrunch (climate): Helion now has another $225 million to help speed development of its first fusion power plant, due to provide Microsoft with electricity in 2028.
techcrunch.com →+ THESIS
Jun 16, 2026
LICENSING · ORIONState and county licenses secured
Malaga, WA
fusionenergynews.com →+ THESIS
Jun 4, 2026
FUNDING · COMPANY ROUNDCompany round: Thrive Capital (lead) and others$465M
Closed · Series G at $15.5B valuation; company total raised $1.5B
helionenergy.com →+ THESIS
Nov 18, 2025
FUNDING · CRANE CLEAN ENERGY CENTERDOE loan: DOE Loan Programs Office$1.0B
Closed · LPO loan for the restart
ans.org →+ THESIS
Jul 30, 2025
PROJECT · ORIONLand secured; construction begins
Malaga, WA
businesswire.com →+ THESIS
~Sep 2024
OFFTAKE · CRANE CLEAN ENERGY CENTERMicrosoft signs a 20-year PPA; restart announced
Londonderry Township, Dauphin County, PA
world-nuclear-news.org →+ THESIS
May 10, 2023
OFFTAKE · ORIONMicrosoft PPA for 50 MW by 2028
Malaga, WA
fusionenergynews.com →+ THESIS

Pipeline

2 PROJECTS

Crane Clean Energy CenterConstellation Energy · Fission · Pennsylvania · 835 MWCONSTRUCTION~2027 (Constellation target)
OrionHelion Energy · Fusion · Washington · 50 MWCONSTRUCTION~2028