Summary
Fusion energy, once considered a distant prospect, is now closer to becoming reality due to breakthroughs in science, increased energy demand, and significant investment in fusion companies. More companies are working on fusion technology, and partnerships between public and private sectors are expanding. The Department of Energy has a new plan to support fusion energy development.
Key Facts
- Fusion energy aims to produce clean and abundant electricity by mimicking reactions in the stars.
- Recent scientific breakthroughs and increased investments have brought fusion closer to reality.
- The Department of Energy has a plan to support fusion energy with public investments.
- The number of fusion companies worldwide has increased from 23 to 53 in the last five years.
- The private sector's interest in fusion has accelerated its development compared to past energy projects.
- The Fusion Industry Association found that investment in fusion has grown to nearly $9.7 billion this year.
- Commonwealth Fusion Systems, a key player in the industry, has a power purchase agreement with Google.
- Fusion energy development involves collaboration between government, academia, and the private sector.
