It’s not just governments putting up capital. Fusion energy companies around the world raised US$4.22 billion in 51 venture deals between 2018 and 2022, according to data PitchBook provided to; US$2.99 billion of that came in 2021 alone. Several startups have firmed up their business plans and made scientific advancements over the last two years, said Adam Rodman, founder and chief investment officer at Segra Capital Management, a Dallas-based firm focused on nuclear energy.
General Fusion has raised nearly US$393 million to date from a global investor base, according to PitchBook data. Backers include Singaporean sovereign wealth funds Temasek and GIC and their Malaysian equivalent Kahazanah Nasional Berhad; Calgary-headquartered Cenovus Energy Inc.; and venture capital firms Amsterdam-based SET Ventures and Stockholm-based Norrsken VC.
Other fusion firms have raised significantly larger sums. Massachusetts Institute of Technology spinout Commonwealth Fusion Systems has taken in US$2 billion and already has a staff of 275, per PitchBook. It also has aBut “General Fusion has the most credible plan to commercialization,” according to Rodman, who cites the company’s reactor design and the fact it’s already considering the commercial-scale power-plant systems it will need.
Anything that requires Taxpayers Dollars to fund it is a Waste of Money!
Interesting article.
“…as we prepare to get zero-carbon fusion energy on the grid by the early 2030s,” If this is the case they don’t need taxpayer subsidies. Investors will be pounding on the door.