Private Fusion to Drive UK Growth
The UK Government issued its 2026 fusion energy strategy, with the focus squarely on industrial growth.
The UK Government issued its 2026 fusion energy strategy, with the focus squarely on industrial growth.
The Fusion Industry Association (FIA) welcomed the successful conclusion of the European Parliament hearing “Fusion Energy in Europe: Call for Action,” held in Brussels. The high-level event brought together European policymakers, industry leaders, investors, and innovators to examine how Europe can translate growing political momentum behind fusion energy into a concrete industrial opportunity.
Global electricity demand is surging, driven by artificial intelligence and data centers, advanced manufacturing, quantum computing, and cryptocurrency. Fusion offers the promise of virtually unlimited, secure, and affordable power that will transform the global economy for generations. It is the key to unlocking the energy leadership required to compete and win as a country. And with the private sector’s push to deliver electrons on the grid in the early 2030s, commercial fusion is no longer a question of “when.” It is a question of who does it first and where.
The fusion industry raised $2.64 billion in private and public funding in the 12 months leading to July 2025, according to the annual Global Fusion Industry Report by the Fusion Industry Association (FIA). The figure marks a significant increase from 2024 and is the second highest yearly fusion funding figure since the report began, after the 2022 record year.
FIA welcomes British Government’s long term commitment to transformational clean energy.
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.
UK can lead £31 trillion Global Fusion Industry, but government needs to act now to attract fusion companies, says Fusion Industry Association.
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.
The Fusion Industry Association (FIA) released its third annual industry report ‘The Global Fusion Industry in 2023’ on July 12, unveiling worldwide findings from an electrifying year of the fusion industry’s development. 43 private fusion companies were surveyed for the report, ranging from fusion industry giants to new entrants with bold visions, committed to addressing the challenges that remain ahead for commercialization.
The Fusion Industry Association (FIA) today released a report – The Fusion Industry Supply Chain: Opportunities and Challenges – analyzing the current fusion supply chain and projecting a huge growth in demand for fusion suppliers over the coming years. The report also found limited concern about geopolitical supply risk and a reluctance amongst suppliers to make the investments needed without firm commitments.