What’s New

Investment in private fusion companies has more than doubled in the past year and eight new companies have been founded, bringing the total to around 33.

According to the global fusion industry 2022 Report, six companies have now each raised over $200m in total, with notable investments in the last year including over $1.8 billion for Commonwealth Fusion Systems and $500m for Helion Energy, allowing them to develop pilot plants to demonstrate fusion electricity.

The huge step up in investment, coupled with increasing government support for fusion in the U.K. and the U.S., is increasing confidence within the fusion industry.

Andrew Holland, Chief Executive Officer of the Fusion Industry Association, states in the report, "We must not see a 'competition' between publicly funded and privately funded fusion approaches; instead, we must build real partnerships [...] With investment accelerating, it is increasingly likely that commercial fusion will become a reality within the next two decades, providing the basis for prosperity, safety, and security for many years to come."

Photo: Commonwealth Fusion Systems and its SPARC project raised over $1.8 billion last year.

Read the full article in Forbes.

In advance of the delivery of the first European vacuum vessel sector this autumn, the European Domestic Agency Fusion for Energy has released a new series of photos from the European workshops in Italy where the sub-parts of five sectors are manufactured and assembled.

At Mangiarotti S.p.A (Monfalcone), see the final activities underway on sector #5, which will be the first to arrive. The four sub-segments have been welded into the final D shape and detailed inspections are underway.

At Walter Tosto S.p.A (Chieti), technicians on working on multiple sectors, performing welding, inserting in-wall shielding, and carrying out inspections.

And at Belleli Energy EPC (Mantova), one poloidal segment is shown in the radiographic testing bunker, while others are prepared for welding, or cleaned during final inspection.