Commercial Fusion could arrive in the 2030s — Market Mad House

Commercial fusion reactors could begin generating electricity in the 2030s, a fusion trade association predicts.

The Fusion Industry Association, the first fusion trade group, and the UK Atomic Energy Association (UKEA) made that conclusion in their first report on the business. The Association published The Global Fusion Industry in 2021, the first report on the commercial fusion industry on 28 October 2021.*

Executives at 71% of the companies surveyed think fusion commercialization will begin in the 2030s. There are 35 fusion companies in the world, the Association estimates. However, only 27 of the companies participated in the Association’s survey.

Fusion Companies Receive $1.8 billion in funding

The Association estimates those companies have received $1.8 billion in private funding and $85 million in government funding. Overall, fusion companies received $1.87 billion in funding, the Association calculates.

However, four companies, Commonwealth Fusion Systems, General Fusion, TAE Technologies, and Tokamak Energy received 85% of the funding. Hence, I calculate those companies received around $1.59 billion in funding.

They base Commonwealth in Massachusetts, TAE is in California, Tokamak Energy is in Oxford, England, and they base General Fusion in British Columbia, The Financial Times reports.