Billions in private cash is flooding into fusion power. Will it pay off?

Sat, 18 Oct 2025 17:48:58 +1100

Andrew Pam <xanni [at] glasswings.com.au>

Andrew Pam
<https://theconversation.com/billions-in-private-cash-is-flooding-into-fusion-power-will-it-pay-off-266354>

"Over the past five years, private-sector funding for fusion energy has
exploded. The total invested is approaching US$10 billion (A$15 billion), from
a combination of venture capital, deep-tech investors, energy corporations and
sovereign governments.

Most of the companies involved (and the cash) are in the United States, though
activity is also increasing in China and Europe.

Why has this happened? There are several drivers: increasing urgency for
carbon-free power, advances in technology and understanding such as new
materials and control methods using artificial intelligence (AI), a growing
ecosystem of private-sector companies, and a wave of capital from tech
billionaires. This comes on the back of demonstrated progress in theory and
experiments in fusion science.

Some companies are now making aggressive claims to start supplying power
commercially within a few years."

Cheers,
       *** Xanni ***
--
mailto:xanni@xanadu.net               Andrew Pam
http://xanadu.com.au/                 Chief Scientist, Xanadu
https://glasswings.com.au/            Partner, Glass Wings
https://sericyb.com.au/               Manager, Serious Cybernetics

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