Story thread · 2 reports / 2 sources

The Fusion Industry Needs $10 Billion to Beat China

heatmap.news · 5hShare

Without billions in new federal investment the United States may lose its pole position in the global race to be the first nuclear fusion superpower, Commonwealth Fusion Systems CEO Bob Mumgaard told attendees at Heatmap House in New York City. When asked onstage whether Commonwealth Fusion could still develop its fusion aspirations at scale without U.S. government financing, Mumgaard said: “I think so – it’s a question of the timing and the place.” Then he suggested that the company — and the industry — might go elsewhere if the country doesn’t put more capital into the growing sector. “There are offers on the table to build nuclear fission power plants not in the United States, so we can do that.” You’d be forgiven if you thought Commonwealth and nuclear fusion was already doing well. The Massachusetts-based pioneer in fusion technologies raised $1 billion in new investment just a couple months ago . Generally speaking, innovation in nuclear power is incredibly popular in Congress, w

First report: 20 MW compact fusion system targets on-site power for data centers and industry — interestingengineering.com, 2d