Fusion Energy Helion turns to Hogan Lovells for best lawyer
Helion Energy Inc., one of many companies looking for future energy solutions, has hired Hogan Lovells senior partner Sachin Desai as first general counsel.
Desai, a former legal assistant with the US Nuclear Regulatory Commission, joined Helion last month after spending the past five years with Hogan Lovells in Washington.
Helion spokesperson Isaac Steinmetz has confirmed Desai’s hiring at Bloomberg Law. He said Hogan Lovells was serving as an energy regulatory advisor to Helion, which received financial backing from leading investors like billionaire Peter Thiel, technology venture capitalist and former partner at Sullivan & Cromwell.
Helion, founded in 2013 and based in Everett, Wash., Inaugurated a new fusion-technology power plant in his hometown over the summer. He said at the end of June that it had become the first private company to exceed 100 million degrees Celsius at Trenta, its sixth prototype fusion generator.
BloombergGreen reported in August that private companies focused on nuclear fusion – long seen as a holy grail in the fight against the growing climate crisis – in Europe and North America had received $ 300 million from investors in 2020. This sum represented 20% of all funds raised. to date, according to research from BloombergNEF.
Helion and Thiel have competitors, including Commonwealth Fusion Systems LLC, backed by Bill Gates, and General Fusion Inc., backed by Jeff Bezos, according to BloombergGreen.
Steinmetz said Helion’s technology is not cold fusion but rather non-ignition pulsed fusion, which seeks to replicate the energy generated by stars like the sun by shattering tiny particles to create plasma, a material ionized gas-like.
While at Hogan Lovells, Desai specialized in nuclear regulatory work and developed expertise in next generation nuclear reactors. Prior to graduating from Harvard Law School, Desai was a strategy consultant at Deloitte for heavily regulated industries such as energy, healthcare and telecommunications.
Hogan Lovells is one of several law firms retained by Helion as it seeks to expand its business.
Cooley does corporate and real estate work for the company, while Smith Baluch and Dorsey & Whitney handle intellectual property matters, Steinmetz said.