In 2024, fusion technology will finally make the transition from basic research to commercial application. The reason for that will be the construction and completion of the first commercial fusion demonstrators. These cutting-edge facilities are smaller than fusion power plants. For instance, a laser-based fusion demonstrator might use five to ten laser beams, while a commercial power plant can use several hundred.
However, as a result of this scientific breakthrough, nuclear fusion has attracted considerable research, political, and investor attention in recent months. National fusion strategies have been developed in the US, UK, Japan, Germany, and other countries to advance research and testing of the technology. Currently, the US and the UK are leading the race: The US Department of Energy funds fusion research with an annual budget of about $1.
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