Type One Energy Appoints Bernard Looney to Board of Directors

The announcement comes as the company moves forward with its goal of delivering commercial fusion power to the electric grid by 2034. It also comes as Type One Energy prepares to complete its Series B funding round.

The company is also starting procurement for its Infinity One prototype project in East Tennessee and has launched the UK Infinity Fusion Consortium with strong support from the UK government.

Mr. Looney, the former CEO of bp, brings extensive experience in global energy, capital markets, large-scale project delivery, and international partnerships.

Mr. Looney has more than 30 years of experience in the global energy industry, including leading energy transition efforts at one of the world’s largest integrated energy companies. He is now focused on the intersection of energy, AI, finance, and sustainability, and serves on the boards of several companies working in energy and artificial intelligence.

Type One Energy is developing a stellarator-based fusion power plant, which it sees as a practical path toward commercial fusion energy. In 2025, the company received a Letter of Intent and initial commercial contracts from the Tennessee Valley Authority (TVA) to support the planned first deployment of its Infinity Two fusion power platform at TVA’s Bull Run site in East Tennessee. Construction of the 400 MWe Infinity Two plant is targeted to begin in 2028.

The company recently launched the UK Infinity Fusion Consortium with industrial partners and support from the UK government to advance its Infinity Two fusion power plant project in the United Kingdom.

This is important because global energy demand is rising quickly, and energy independence is becoming critical for national security. With AI, electrification, and global decarbonization, electricity demand is expected to increase by at least 50% by 2040, requiring large amounts of clean, reliable, always-available power — a role that commercial fusion energy could help fill.

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Stellarators use carefully designed magnetic fields to control and stabilize fusion plasma. They are the only fusion approach that has demonstrated stable, continuous operation at large scale. With modern supercomputers, advanced manufacturing, and high-temperature superconducting magnets, it is now possible to design and build stellarator-based fusion power plants that are commercially viable.

We are delighted to welcome Bernard to our Board of Directors,” said Dr. William Madia, Board Chair of Type One Energy. His extensive experience in global energy markets will provide valuable insight as the company moves toward deploying the worlds first fleet of commercial fusion power plants.

“Bernard has led at the highest level of the global energy industry,” said Type One Energy CEO Christofer Mowry. “He understands what it takes to move from technology development to deployment, to shape an organization around disciplined execution and operational excellence. His experience and skills will be an incredible asset as we complete our commercialization journey and continue to scale the company.”

“Fusion will unquestionably be one of the defining energy technologies of this century,” said Bernard Looney. “Type One Energy stands out because it is focused on developing and deploying fusion through a network of industrial partnerships that help derisk and shorten the journey to commercialization. I am delighted to join the Board and support the company at this important inflection point in its journey, with expanding global interest in their technology from customers as well as the capital markets.”

About Type One Energy

Founded in 2019, Type One Energy Group is a mission-driven company focused on delivering sustainable and affordable fusion power. It was founded by leading fusion scientists with experience in advanced stellarator systems along with experienced business leaders who have successfully scaled energy technologies. The company uses advanced manufacturing, modern computational physics and high occupation superconducting magnets to develop its optimized stellarator fusion system.

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