Pacific Fusion
Pacific Fusion was founded with the mission of putting affordable, abundant fusion energy on the grid to power cities, businesses and...
Facts
- HQ
- Fremont, California, US
- Sectors
- Renewable Energy Power Generation
- Founded
- 2023
- Employees
- 223
Fusion Startups Raise $7.1 Billion as Commonwealth Fusion and Helion Lead with Ambitious 2020s Power Plant Goals
Private fusion startups have raised $7.1 billion, led by Commonwealth Fusion Systems with $3 billion and Helion with $1.5 billion backed by major investors, aiming to bring fusion power online by the late 2020s. Advances in computing, AI, and superconducting magnets are driving progress toward commercial fusion power plants.
Fusion Startups Have Raised $7.1 Billion, Led by Commonwealth Fusion Systems’ $863M Round
Fusion startups have collectively raised $7.1 billion, with Commonwealth Fusion Systems accounting for about one-third of this private investment. Advances in computing, AI, and superconducting magnets, along with key scientific milestones, are driving rapid progress toward commercially viable fusion power.
