Buckle in - you'll need to read through more than 50 company profiles before you reach Zap in this year's Fusion Industry Association annual report, the fifth since FIA started publishing these yearly snapshots. While the dollar amounts may make headlines, what's more important is the progress being made toward the end goal. This year we reached record triple products and neutron yields, successfully completed our first integrated, sustained operation of liquid metal walls and repetitive pulsed power, and have made critical strides in the scientific foundations of sheared-flow-stabilized Z pinches.
Today, we launch our fifth annual Global Fusion Industry report. With numbers directly reported from the companies - the report gives an update on total investment, commercial timelines, milestones, jobs growth, and company profiles. The trajectory is clear: Fusion is a technology being built now, with tangible progress year over year. Highlights: - Capital is increasing, with funding for fusion developers growing to $9.7 billion. - The overwhelming majority of companies anticipate operating a commercially viable pilot plant between 2030 and 2035, with some companies targeting commercial readiness before 2030. This timeline has been consistent throughout the five years we have been tracking. - Public-private partnerships are expanding, especially in Germany, U.S., U.K., Japan, and China. - Companies are starting to site first plants and strike deals with early power customers. - Investor diversity is increasing, with VC, industrial conglomerates, sovereign funds, and strategic energy companies involved. - Fusion is attracting serious talent, growing in headcount, experience, field, and global reach. If you want the full picture of where we are with fusion energy and what companies are taking us closer to the promise of limitless, secure, clean energy, take a look at the FIA’s Global Fusion Industry Report 2025. Link in the comments 👇