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Nuclear Fusion Investment Booms

Financial Times Companies •
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Governments and private investors are pouring record sums into nuclear fusion research. The UK has committed £2.5bn to fusion development over five years, including £1.3bn for its Step prototype reactor. Private investment globally exceeds $10bn, with US-based companies leading the charge in this quest to harness the same reaction that powers stars.

Technical progress suggests fusion could reach electricity grids within 15 years. Supercomputing and AI help maintain plasma temperatures above 150 million degrees Celsius while materials science improves reactor construction. France's Iter project, though running a decade behind schedule, plans experiments by 2034 and energy generation by 2039.

The fusion investment rush mirrors quantum computing's high-risk, high-reward profile. While 89% of private companies predict grid-ready fusion by the 2030s, success remains uncertain. The potential payoff—a clean, reliable power source without CO₂ or long-lived radioactive waste—justifies the billions flowing into what scientists call humanity's greatest energy challenge.