Nuclear Fusion Startups See Funding Slowdown After Breakthrough
- Annual funding for startups dips to $900 million, survey shows
- Most fusion companies predict commercial power plants by 2035
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Funding for nuclear fusion startups dipped to $900 million in the last year even as most of the companies expect to build a commercial power plant by the mid-2030s, according to an annual survey.
The industry has received a total of $7.1 billion to date, according to the Fusion Industry Association’s 2024 report. Investment has slowed after the industry got $1.4 billion in the 12 months through mid-2023, a boom period following a critical research breakthrough in December 2022.