In the News: The Global Fusion Industry in 2024
The FIA’s Global Fusion Industry in 2024 report launched on July 17 and reported advancements and increased investments in fusion companies worldwide. The report’s findings have gained the attention of the media, with growing interest in the progress of fusion energy technology.
Below is a collection of pieces discussing the report and its data. The FIA welcomes efforts to keep the public informed about the industry’s development and its potential to address the energy challenges of our time.
- Axios
- Axios reveals “The nuclear fusion industry is having a growth spurt” highlighting over $7.1 billion invested since 1992 and the ambitious forecasts for commercial fusion.
- NBC Bay Area
- “Tech companies rake in $7.1 billion on quest to harness nuclear fusion as major energy source” from NBC Bay Area noted new investments, an increase in the fusion workforce, and how the benefits of fusion could potentially impact millions of people facing energy crises around the world.
- Geekwire
- Geekwire states, “Gov. Inslee, Sen. Murray visit Washington fusion startups as funding heats up despite tech hurdles”, noting the fusion industry received over $900 million in funding in the past year and the commitment of government officials to realizing commercial fusion.
- The Engineer
- “Private fusion attracting investment and boosting jobs – report” from The Engineer highlighted notable deals for private fusion companies including Xcimer, Shine, and Helion.
- Ignition News
- Rachel Zisk from Ignition News writes “Fusion Is Growing, and Governments Want to Help” detailing 45 companies working towards commercial fusion and the new programs and policies around the world designed to drive growth.
- Bloomberg
- Bloomberg announces “Nuclear Fusion Startups See Funding Slowdown After Breakthrough”. Despite a funding dip from last year, optimism remains high with many companies anticipating delivering commercial power by 2035.
- Reuters
- Reuters reports “Global fusion energy investment growth falls for second year”. Despite the slower growth rate this year, global funding into private fusion companies rose 57% and 89% of surveyed companies are optimistic about providing electricity to the grid by the end of the 2030s.
- World Nuclear News
- World Nuclear News reports “Fusion funding and jobs growing fast, says key industry report” with public funding up 57% and over 4,000 people employed in the private fusion industry.
- Oilprice.com
- Oilprice.com reports “Growth in Fusion Energy Investments Slows for a Second Year,” and highlights the need for more substantial support to meet the goals of the fusion industry.
- Nucnet
- Nucnet’s David Dalton writes, “Nuclear Fusion / Total Investment Stands At $7.1 Billion, But Funding Seen As Major Challenge”. This article discussed the past year’s investment into fusion and highlighted the need for larger and more consistent investments.
- RTO Insider
- RTO Insider heralds “Report: Companies Say Fusion will be Online by 2035,” describing the new investments and growth in the fusion industry, and discusses the possibility of commercial fusion in the near future.
- Head Topics
- Head Topics reports, “Growth in Fusion Energy Investments Slows for a Second Year”, describing that while global investments have reached $900 million, the growth rate has slowed, with the sector requiring continued public and private support.
- Nuclear Engineering International
- Nuclear Engineering International covers the report, noting “Key industry report reveals increase in funding for fusion but challenges remain”.
- MSN
- MSN highlights FIA report coverage.
- Zawya
- “Global fusion energy investment growth falls for second year”, noting that while investments rose, the growth rate has slowed, and 66% of respondents cited funding as a barrier to success.
- Science|Business
- “Fusion investment grows from $6.2B to $7.1B in a year” reports Science|Business.
- American Nuclear Society
- “FIA publishes “snapshot in time” fusion industry report” covered by ANS.
