Fusion Supply Chain Spending Almost Doubles in 2024, According to Fusion Industry Association
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Fusion Supply Chain Spending Almost Doubles in 2024, According to Fusion Industry Association

The global fusion supply chain is expanding rapidly to support the “business of fusion”, according to a new report by the Fusion Industry Association published today. The Fusion Industry Supply Chain – 2025 edition found that supply chain spending by fusion companies grew by 73% to $434 million in 2024, from around $250 million in 2023*. It is projected to be much higher since not all fusion companies responded. Spending is expected to grow by another 25% this year.

FIA Launches 2024 Global Fusion Industry Report
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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.