Total investment in fusion industry tops $7.1bn shows FIA
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.
FIA Launches 2024 Global Fusion Industry Report
The fusion industry has now attracted over $7.1bn of investment, according to an annual report by the Fusion Industry Association (FIA), with over $900 million of new funds backing the technology since last year. As part of that, total public funding increased by 57% in the last 12 months to $426m, showing governments increasingly see public-private partnerships as central to making commercial fusion a reality.
FIA Launches 2024 Supply Chain Report
On July 2, the Fusion Industry Association launched our 2024 Supply Chain Report as an updated version from last year. The report surveys fusion developers and suppliers to get a snapshot of where the supply chain stands as the fusion industry grows. Designed to capture and analyze trends, challenges, and opportunities within the industry, this report serves as a resource to better understand the web of supply and demand in fusion energy, and to help guide investment and policy strategy to support the accelerating fusion industry.
Fusion Industry Association and The Fusion Cluster Lay Out Strategic Priorities Ahead of UK Election
The United Kingdom is a world leader in fusion energy – a source of potentially unlimited strategically secure and affordable, low-carbon energy. Once commercialised, fusion is perhaps the ultimate energy source: zero carbon at the point of generation, energy dense, and with abundant fuels. As the UK general election draws closer, the Fusion Industry Association is delighted to have worked with The Fusion Cluster to lay out the importance of the fusion sector to the UK and issue key asks of incoming Parliamentarians and Ministers. Commercial fusion’s contributions to energy security, the economy, and to science & innovation represent a huge and imminent opportunity.
Fusion Industry Association Appoints Director for the UK
Effective May 7, 2024, FIA has appointed Tris Denton to lead its ongoing activities in the UK.