Everett-based nuclear fusion power company Helion announced last week that it’s looking to develop a 50-megawatt fusion power plant on land in Malaga owned by Chelan Public Utility District.

Helion has a purchase agreement with Microsoft to provide 50 megawatts of power to the software company, which is building data centers in the valley.

Kirk Hudson, Chelan PUD general manager, said the energy industry is “exponentially” changing, so the PUD needs to “stay on top of the pace of change.”

No agreement had been signed, but any use of PUD land for this project will likely include a lease for the land, said Rachel Hansen, Chelan PUD spokesperson.

Jessie Barton, Helion communications director, also confirmed no agreements for the land had been signed but that the company was ready to open the conversation up to the public.