They claim to have performed fusion, but not yet produced net energy. So they're very much a fusion company, but not an energy company:

> In 2023, we will end operations on Trenta, our 6th fusion prototype… Our results suggest that Trenta is currently the best performing privately-funded fusion machine in the world. After these last weeks of plasma operations under vacuum, we will retire Trenta and move all focus to Polaris, our 7th fusion prototype, expected to demonstrate net electricity in 2024.

So, they have 143 days left to make good on their current timeline, I guess.

They're an energy company that has failed to produce any yet because of how they chose to generate that energy. Unfortunately, like everyone else who tried this so far, they can make tiny bang go flash, and that's unfortunately still just about it.

So, indeed, so far they failed at energy, and they've only succeeded at fusion in the same way and at the same scale that university labs have.

So I guess you're right: they're not even any kind of company at the moment. They don't sell anything. They're an R&D lab.

Eh. They don't sell anything of immediate utility. But they definitely sell fusion.

Think of it as a conspicuous luxury handbag for weird finance/tech bros. "Oh yeah? Well MY investments are going to save the world!!!"

What do they plan on using to generate energy then, oil, coal, solar, wind? Something else?

So far: looks like hope and promises rather than any of those.