Fusion energy industry gets £2.5bn funding boost
The UK government has announced more than £2.5 billion of investment into fusion energy over the next five years as part of its Spending Review.
EX-Fusion secures $18.1m funding for nuclear fusion development
EX-Fusion has secured $18.1m in funding to develop fusion technology and enable future applications in manufacturing, healthcare, and space exploration.
UK Government Commits Over £2.5 Billion to Fusion Energy Amidst Global Race to Deployment
FIA welcomes British Government’s long term commitment to transformational clean energy.
Realta Fusion taps $36M in fresh funds for its fusion-in-a-bottle reactor
Realta Fusion is hoping a new fundraising round will allow it to finalize the design of its Anvil prototype system.
FIA Urges Prioritization of Commercializing Fusion Energy in U.S. FY25 Budget
On March 26th, the Fusion Industry Association (FIA) sent a letter to Dr. Kung, Acting Director of the Office of Science and Deputy Director for Science Programs at the U.S. Department of Energy, urging the prioritization of commercializing fusion energy in the United States in the FY25 budget.
Ministers pledge record £410m to support UK nuclear fusion energy
The UK government has announced a £410m investment in fusion for 2025.
FIA Urges Fusion Prioritization in US FY26 Budget Request
The United States is at an inflection point in its pursuit of commercial fusion energy. To meet the goal of deploying fusion power within the next decade, the current federal funding levels and priorities are insufficient. While the U.S. has been a leader in fusion research, countries like China are dramatically increasing their efforts, putting…
UK Autumn Budget 2024 Aims to Boost Innovation, Cites Fusion
Chancellor of the Exchequer Rachel Reeves announced the United Kingdom’s Autumn Budget 2024 on October 30, outlining key provisions and missions for “Rebuilding Britain” and areas of targeted government support going forward. The budget notes a heavy emphasis on greater support for “Innovation,” including fusion energy.
Bezos-Backed Nuclear Fusion Company Raises $15 Million for Demo
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 nuclear fusion industry is having a growth spurt
Fusion companies are seeing significant growth, despite steep technical hurdles to overcome before this technology can deliver energy at scale, a new report finds.