The global fusion industry in 2022 report: In the news
The FIA’s The global fusion industry in 2022 report launch on July 14 broke the news of massive increases in investment for fusion companies around the world. Members of the press were active and interested in the progress of the fusion industry and the report gathered much attention from domestic and international news outlets.
Below is a selection of pieces published addressing the report and its findings. 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.
- In Forbes, Melanie Windridge writes “Huge Growth In Fusion Energy Industry, Shows New Report” and summarizes the 2022 report and highlights Kyoto Fusioneering’s planned UNITY facility. The article also notes the inclusion of fusion in the U.K.’s Energy Security Bill and the development of private-public partnerships heralded in the U.S.’s Bold Decadal Vision.
- The Telegraph’s Rachel Millard reported “Nuclear fusion investment hits £2.5bn in race for breakthrough” on the fusion industry’s fundraising achievements and progress towards commercial viability.
- “Investors Hot for Fusion” declares The Times, showcasing the industry’s $2.8 funding increase in the past year alone.
- Science Business’ “ITER faces further delays if key parts stuck in Russia” analyzes how the war in Ukraine will impact the construction timeline for the ITER fusion project cites the 2022 report to demonstrate the dynamism of private fusion companies in the U.S.
- “Fusion energy might power the grid by 2030s, sector survey says” in Engineering and Technology emphasizes the hope of fusion energy on the grid by the 2030s, as 93% of the 2022 report survey respondents predict it will be. E&T writes that in 2020, the UK government committed £220m for the conceptual design of a fusion power station as part of efforts to move the UK towards a zero-carbon energy network. The UK-based institution remarked that the report presents fusion energy as a safe and clean alternative source of energy that may become available in the not-too-distant future.
- “More invested in nuclear fusion in last 12 months than past decade” in GrowthBusiness noted that increased investment of fusion has been evident in the UK, where there are plans in place for a prototype fusion power plant to support rapid commercialization.
- ElectronicsWeekly’s “Commercial fusion investment up 139% y-o-y” reitered the rise in private investment.
- “Commercial fusion funding sees sharp rise, industry study says” in World Nuclear News remarked that the rise in investment included significant boosts to FIA member company funding. Six companies have each raised more than $200 million including $1.8 billion for Commonwealth Fusion Systems and $500 million for Helion Energy.
- The Engineer’s “Investment increases in global fusion industry” reiterated this rise in private investment, along with survey findings anticipating the arrival of fusion energy on the grid as early as 2030.
- “Fusion” in Electricityinfo and “Nuclear Fusion – A Magnet for Investors” in WorldEnergy report that the billions of dollars poured into the fusion sector helps increase the likelihood that commercial fusion will become a reality within the next two decades.
