Investment increases in global fusion industry

The Global Fusion Industry in 2022 is the second annual survey from the FIA, which is compiling a directory of fusion energy businesses and providing periodic updates on the sector. This year, 33 private companies developing commercial fusion took part, which is up from 23 in 2021. The survey reveals that $2.83bn in new funding has been made in the last year alone, which is a 139 per cent increase from last year’s report.

Six companies have now each raised over $200m in total, with notable investments in the last year including over $1.8bn for Commonwealth Fusion Systems and $500m for Helion Energy. Most of the total funding declared comes from private sources, while over $117m is made up of grants and other government funding.

Eight new fusion companies have entered the market in the last 12 months, and industrywide confidence is growing around market entry.

According to the survey, more than 93 per cent of the respondents believe fusion power will be on the grid by the 2030s, up from 83 per cent last year. A further 84 per cent think a fusion plant will demonstrate a low enough cost and high enough efficiency to be considered commercially viable in the same timeframe.