Our Moonshot Moment Is Here
Fusion will provide reliable, carbon-free electricity for an expanding global economy. That will have profound geopolitical consequences.
Fusion will provide reliable, carbon-free electricity for an expanding global economy. That will have profound geopolitical consequences.
Japanese start-up Helical Fusion aims to launch its steady-state fusion machine in 2034 and to begin commercial operations in the 2040s.
UK start-up Tokamak Energy is supporting a US Defense Advanced Research Projects Agency program to make silent marine propulsion a reality. The collaboration with Darpa is one of several ways the fusion company is seeking to monetize high temperature superconductor magnets, which could transform sectors from public transport to medical imaging.
The country has ambitious plans for fusion power plants to provide clean, limitless energy.
The goal of limitless clean energy is now clearly on the horizon, thanks to AI accelerating research.
There’s a reason they call a seemingly impossible technological reach a “moonshot.” Over the years, the term has been used to refer to virtual reality, self-driving cars, and biometric identification such as DNA fingerprinting. Now, it’s fusion’s turn.
The fusion industry has attracted over $900 million in new funding over the past year, the Fusion Industry Association’s (FIA) latest annual update reports.
General Fusion Inc. has secured C$20 million ($14.6 million) from Canadian Nuclear Laboratories and the Business Development Bank of Canada to advance its fusion technology, aiming to demonstrate the feasibility of its Lawson Machine 26 by next year.
The Washington State Department of Health has granted Helion a Large Broad Scope license. This will allow Helion to operate its fusion machine Polaris, aiming to demonstrate fusion electricity production.
Type One Energy announced a fresh $53.5 million in funding. The company had previously raised $29 million in 2023, and the current extension brings the total to around $82.5 million. Bill Gates’s Breakthrough Energy Ventures led the extension, with Australia-based Foxglove Ventures and New Zealand-based GD1 participating.