Fusion
Companies turning validated fusion performance into repeatable systems, pilots, and plants.
Backing the people that power civilization.
AE Blue Capital combines venture capital with a policy and strategy think-tank.
Our portfolio companies have historically raised more than $20 in follow-on capital for every $1 invested by the firm.*
*Based on firm records as of July 2026. Historical financing outcomes are not a guarantee of future fundraising or investment performance.
One firm, two connected forms of leverage.
Investment work stays close to products, customers, capital, and company building. The think-tank studies policy, market structure, strategy, and the institutions that influence deployment.
How the model worksCommercial systems with the capacity to reshape markets.
Six connected areas define the firm’s current field of work.
Advanced energy
Generation, industrial heat, and enabling technologies with defined customers and deployment paths.
Earthshots
High-power lasers, enhanced geothermal, geoengineering, space-based solar, and concentrated solar at commercial turning points.
Artificial intelligence
AI products that improve training, simulation, operations, and the economics of physical systems.
Space and materials
Orbital manufacturing, propulsion, semiconductors, and materials for demanding markets.
Strategic systems
Training, manufacturing, and dual-use systems that strengthen industry and national resilience.
Every scale changes the next.
Our work is to find the bottleneck whose removal alters the geometry of the whole market.
- 01Validate
- 02Productize
- 03Pilot
- 04Scale
Companies moving from credible performance to repeatable scale.
A selection from the announced AE Blue Capital portfolio.
01Longview FusionCommercial fusionCommercial laser-fusion power plants designed for repeatable deployment.02CombaticaAI companyAI software for adaptive immersive training and simulation.03AcceleronMuon-enabled fusionMuon-enabled fusion systems built around a modern high-efficiency source.04Helicity SpaceFusion propulsionPulsed-fusion propulsion for faster deep-space transport.05LaserFusionXInertial fusionA compact direct-drive fusion system using argon-fluoride lasers.
Open the complete portfolio Experience across companies, markets, science, and public institutions.
A compact team with distinct operating, investing, scientific, and strategic perspectives.
Matthew Chase Levy
An internationally recognized physicist and entrepreneur whose work spans company formation, fusion and energy strategy, artificial intelligence, and public policy.
Biography
Erik Storm
A veteran inertial-fusion physicist who led programs spanning laser fusion, ignition, and power-plant concepts.
Biography
Roger W. Falcone
A physicist and former American Physical Society president with experience leading major research institutions and evaluating consequential technologies.
Biography
Chris Parry
A Royal Navy aviator, commander, and strategic forecaster who advises governments and companies on geopolitical change and resilient systems.
Biography
Eyal Hulata
Former National Security Advisor of Israel; head of the country's National Security Council. Brings statecraft and strategic perspective to the partnership.
Biography
Siegfried H. Glenzer
A Stanford professor and SLAC division director whose work connects inertial fusion, high-power lasers, and matter under extreme conditions.
Biography
Evan Behrens
An investor and public-company director with more than 25 years of experience in strategy, capital allocation, and special situations.
Biography
Joel Philips
A Y Combinator founder whose work spans company strategy, capital formation, and the operating decisions that support growth.
BiographyPolicy, markets, and the conditions for commercial scale.
Selected writing from the AE Blue Capital research practice.
New “Extreme Energy in Time to Make a Difference” white paper outlines the fusion platform.A new white paper co-authored by our general partner Matthew Chase Levy, based on the 2024 Stanford-SLAC Extreme Energy Workshop,…How Powering U.S. Communities With Fusion Can Fight Inflation.When I last wrote over seven months ago, people were more hopeful. Yes, we had visible inflation, and yes, there…Part I – To Win Our Immigration War, Start with the Middle East.Set up or expand a mini NATO to win immigration and enhance technology and security. -Matthew Chase Levy & The…Fusion Policy Platform: Breakthroughs Where Supply Meets Demand.In this speech and interview, we introduce the fusion platform components of supply-fusion and demand-AI – with investible opportunities and…
Read all writings Continue the conversation.
We welcome introductions from founders, limited partners, policy leaders, and institutions working on systems ready for commercial scale.
Contact AE Blue Capital