The fusion industry raised $2.64bn in private and public funding in the past 12 months – a 178% rise from the previous year – according to a report by the Fusion Industry Association (FIA).
Now in its fifth year, the annual Global fusion industry report tracks growth in the fusion sector and progress towards commercial fusion deployment.
Fusion is a potential source of almost limitless clean energy, which is seen as vital for energy security and the climate crisis. It uses the same process that powers the Sun by combining two forms of hydrogen and heating them at extreme temperatures.
For the report, the FIA, which is based in Washington DC in the US, surveyed 53 fusion companies and found that the total funding for these companies stands at $9.7bn – a five-fold increase since 2021.
The figure marks a significant 178% increase from the more than $900m raised in 2024.
This year’s figure was bolstered by a number of major funding rounds including $900m for US-based Pacific Fusion, $425m for...