Type One Energy, a global fusion power plant developer, has announced the appointment of Bernard Looney to its Board of Directors. Looney, the former CEO of bp, brings over three decades of experience in the global energy sector to the company. His expertise will be instrumental in helping Type One Energy achieve its goal of deploying commercial fusion power plants by 2034.
Looney has previously held key roles in the energy industry, including energy transition leadership at bp. He is now focused on the intersection of energy, AI, finance, and sustainability, holding Board roles in several transformative energy and AI companies.
Type One Energy is developing a stellarator fusion power plant, which is considered the most practical and near-term route to commercial fusion power. The company has received a Letter of Intent and initial commercial contracts from the Tennessee Valley Authority (TVA) to deploy its Infinity Two fusion power platform at TVA's Bull Run site in East Tennessee.
The company has also launched the UK Infinity Fusion Consortium with industrial partners and UK government support to advance an Infinity Two fusion power plant project in the United Kingdom. This consortium aims to bring commercial fusion power to the grid by 2034, which would be a significant step towards reducing the UK's reliance on fossil fuels and meeting its net-zero carbon emissions target.