Fusion power is a clean, safe, and abundant source of energy that has the potential to meet the world’s growing energy needs in a sustainable way. Fusion is the process that powers the sun and other stars, and it involves fusing together two light atomic nuclei to create a heavier nucleus, releasing a large amount of energy in the process.
The global fusion power market is still in its early stages of development, but it is expected to grow rapidly in the coming years. This is due to a number of factors, including the increasing demand for clean energy, the declining cost of fusion technology, and the growing support from governments and investors.
• ITER Organization
• Tri Alpha Energy
• TAE Technologies
• General Fusion
• Fusion for Energy
• National Ignition Facility (NIF)
Recent Developments:
Here are some recent developments of companies in the global fusion power market, with the year of development:
• Helion Energy 2023 – Raised $500 million in a Series E funding round, bringing its total funding to over $800 million.
• TAE Technologies 2023 -Announced a partnership with General Electric to develop and commercialize fusion power plants.
• General Fusion 2023 -Announced a partnership with Eni, an Italian energy company, to build a fusion power plant in Italy.
Fusion power research has made significant progress in recent years, with innovations in:
• Magnetic Confinement: Advances in magnetic confinement techniques, such as tokamaks and stellarators.
• Inertial Confinement: Laser-based inertial confinement fusion experiments.
• Hybrid Approaches: The development of hybrid confinement techniques.
• Fuel Cycles: Exploration of different fuel cycles, including deuterium-tritium (D-T) and deuterium-helium-3 (D-He3).