Every fusion startup that has raised over $100M
The fusion energy sector is experiencing a surge in investment, driven by advancements in AI, computing power, and superconducting magnets. Several startups have now secured over $100 million in funding, with Commonwealth Fusion Systems leading the industry.
Why it matters
Fusion power represents a potential breakthrough for clean, limitless energy, which could fundamentally transform global energy markets and climate change efforts.
Over the last several years, fusion power has gone from the butt of jokes — always a decade away! — to an increasingly tangible and tantalizing technology that has drawn investors off the sidelines.
The technology may be challenging to master and expensive to build today, but fusion promises to harness the nuclear reaction that powers the sun to generate nearly limitless energy here on Earth. If startups are able to complete commercially viable fusion power plants, then they have the potential to upend trillion-dollar markets.
The bullish wave buoying the fusion industry has been driven by three advances : more powerful computer chips, more sophisticated AI, and powerful high-temperature superconducting magnets. Together, they have helped deliver more sophisticated reactor designs, better simulations, and more complex control schemes.
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