An FIA study reveals the fusion industry is becoming more optimistic that fusion energy will be accessible to the grid by the 2030s.

Fusion energy businesses obtained $2.83 billion in new financing in the last year, an increase of 139% from 2021, according to the second annual survey from the Fusion Industry Association (FIA). This data shows the industry is becoming more optimistic that fusion power will be accessible to the grid by the 2030s, according to the FIA.

The number of participating private enterprises this year also increased to 33 from 23 in 2021.

Six participating companies have collectively raised more than $200 million, the FIA reported. Commonwealth Fusion Systems raised $1.8 billion, and Helion Energy raised $500 million.

10/17-19 EAC