Companies looking to harness the process that powers the sun and stars to generate electricity expect to spend about $7 billion by the time their first nuclear fusion plants come online, a survey published on Wednesday said.
A consortium of public- and private-sector groups in Japan will invest in a startup working to commercialize fusion power, a next-generation energy source. Sixteen companies, including Mitsubishi Corp., Kansai Electric Power Co., and a government-affiliated fund will invest around 10 billion yen ($73.6 million) in the startup born at Kyoto University, Nikkei has learned.
A Washington state start-up backed by hundreds of millions of dollars of venture capital announced Wednesday that it expects to have a fusion power plant built within five years, betting on a vastly faster timeline for harnessing the potentially game-changing energy source than most experts think is plausible.
Private U.S. nuclear fusion company Helion Energy will provide Microsoft with electricity in about five years, the companies said on Wednesday, in the first such deal for the power source that fuels the sun but has been elusive on Earth.
The news: Micro-fusion startup Avalanche Energy announced a $40 million funding round on Monday. The Seattle-based company is developing a small-scale solution for fusion power, which is called clean energy’s “Holy Grail” because of its potential for generating unlimited amounts of power.
Jeff Bezos and Bill Gates are among titans chasing almost Iimitless energy source
The top regulatory agency for nuclear materials safety in the U.S. voted unanimously to regulate the burgeoning fusion industry differently than the nuclear fission industry, and fusion startups are celebrating that as a major win.
Japan on Friday adopted its first-ever national strategy on nuclear fusion, highlighting the need to create a domestic industry in the field, as competition to develop and commercialize fusion power heats up around the world.
Recently I’ve been having a lot of interesting conversations with investors about fusion energy.
Science fiction writers have been touting fusion as the utopian future energy production technology for decades.