Investors

Priced againstwhat we have done.

Halvard is privately held. We report to shareholders quarterly and publish our technical milestones in full.

Raised£1.1 bn
Offtake contracted400 MW
Record shot94 M °C
Next milestoneHall complete 2029
Where we are
1.1 £ bn

raised across four rounds and a public match

400 MW

of offtake signed, 100 % of Halvard One

94 M °C

record plasma temperature on H-0

4 of 16

toroidal field coils complete

Capital

£1.1 billion raisedto first power.

Every round was priced against a milestone the machine had already hit. Public funding matched private money one to one through the national fusion programme.

£12m
£64m
£180m
£420m
£430m
2019
Seed
2021
Series A
2023
Series B
2025
Series C
2026
Public match
Shareholders
Northgate CapitalSevern Infrastructure FundAurel PartnersKestrel VenturesTidewater Pension TrustMarlowe & FinchOxbridge InnovationHarbour PointNorthgate CapitalSevern Infrastructure FundAurel PartnersKestrel VenturesTidewater Pension TrustMarlowe & FinchOxbridge InnovationHarbour Point
Documents

Reports and filings.

Investor questions

The questionswe get most.

Halvard One earns from its first day of power in 2034 under fixed-price contracts. Plants two to four are designed to cost 35 % less and are where margins grow.

Schedule. The physics is proven on H-0; the risk is building a first-of-a-kind plant on time. That is why we fix prices with suppliers early and build on existing sites.

Halvard is privately held. Institutional investors can contact our investor relations team for our next round.

Our accounts are audited annually by a Big Four firm. Technical milestones are verified by the national fusion programme.

Investor relations

Talk toour IR team.

For institutional investors, analysts and lenders. We answer within two working days.

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