Fusion energy is a national priority for the European Union, China, South Korea, and Japan – all have specific goals, timescales, and funding to implement successful fusion energy programs. In addition to independent national projects, 35 countries representing more than half of the world’s population are collaborating on the ITER tokamak project under construction in the south of France.
At the same time, there has been significant growth in privately-backed fusion companies, with leading investors taking positions to capitalize on the sector’s potential.
Advances in plasma physics, computing, modern electronics and materials science have progressed the technology to the edge of being a viable source of power, and put fusion energy in a position to disrupt the multi-trillion dollar energy industry.
Across the world, a new generation of machines are being built that will push the envelope of fusion science and lead to breakeven – the point where energy input is matched by the energy output by the fusion reaction – and beyond. Since the first machines were constructed in the 1950s, exponential improvements in energy output have been achieved.
Fusion is on the cusp of a revolution.
While large scale experiments continue, General Fusion leads the race to commercialize fusion energy. The company benefits from the agility and efficiency of the private sector to bring fusion power to the grid.
Industry leaders and investors see urgent need for clean, on-demand energy sources to meet decarbonization goals. As a result, General Fusion’s Fusion Demonstration Plant program will construct and subsequently operate a prototype facility in power-plant relevant conditions.