![]() ![]() DOE under instruction of the Biden-Harris Administration’s plan for commercial fusion energy – shines a light on the need to accelerate development of fusion technology, government funding pales in comparison to the billions of dollars in capital companies are raising through private investors. While recent government support – like that of the $50 million provided from the U.S. Fusion technology is new and expensive, and therefore requires large amounts of capital to de-risk its technology and accelerate the path towards commercialization. ![]() ITER, the tokamak fusion project supported by 35 nations, points out that a fusion reaction releases four million times more energy than the burning of coal, oil, or gas. ![]() Additionally, there has been an influx of capital to support addressing critical engineering challenges, with First Light Fusion, Marvel Fusion, and Kyoto Fusioneering all raising significant funding rounds in February alone.įusion can provide a highly necessary, abundant and zero-carbon baseload energy source with no risk of nuclear accident or long-lived radioactive waste. In these first few months, Joint European Torus (JET) broke the 24-year-old fusion record – generating the highest sustained fusion energy pulse ever First Light Fusion demonstrated fusion and HB11 Energydemonstrated fusion of hydrogen and boron-11 using high-power lasers- producing 10x more fusion than expected. Fusion companies have made significant strides in early 2022 after raising a landmark $2.8 billion in 2021.
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