How a Boom in Fusion Companies Could Speed Up the ‘Energy of the Future’ – “This is no longer just a science project,” Charles Boakye, the lead on energy transition for the Americas at the investment banking and capital market firm Jeffries told Newsweek.

https://www.newsweek.com/how-a-boom-in-fusion-companies-could-speed-up-the-energy-of-the-future-10879167

Share.

7 Comments

  1. From the article

    “We’ve got steel in the ground,” Mumgaard told *Newsweek*. “It’s much further along than people think.”

    CFS even signed a power purchase agreement with Google earlier this year for the first electricity the company produces, which Mumgaard expects to happen sometime in the mid-2030s.   

    That’s a much longer timeline compared to most power agreements. Industry observer Melanie Windridge said it is evidence that the tech industry’s surging appetite for power is helping to push along commercial development of fusion.

    “There’s a lot of drive to get fusion on the grid soon enough that it actually makes an impact soon enough to matter,” Windridge told *Newsweek*. Windridge is a plasma physicist and writer who started [Fusion Energy Insights](http://www.fusionenergyinsights.com/) to keep people up to date on the industry. 

    “We’re seeing an increase in the amount of investment,” Windridge said. “The rise of the private companies has completely changed the game.”

  2. At this point I won’t believe nuclear fusion is viable for energy production until someone has made a power plant that uses it, and then they make another one with the same (or better) spec.

  3. Hot_Individual5081 on

    i dont believe this bs until theres a functional fusion plant that is being commercially used and makes profit THEN i will say the future is here

  4. **Translation**: Techbros have discovered it’s become *just about plausible enough* to attract billions in VC funding.