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Two EUROfusion grant programs aim to promote the education and training of a new generation of scientists and engineers in the fusion field.ĮUROfusion Engineering Grants (EEG) are open to early career engineers within three years after their Master or PhD (or six years if relevant professional (industry) experience can be demonstrated).
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Photo: Commonwealth Fusion Systems and its SPARC project raised over $1.8 billion last year. and the U.S., is increasing confidence within the fusion industry.Īndrew Holland, Chief Executive Officer of the Fusion Industry Association, states in the report, "We must not see a 'competition' between publicly funded and privately funded fusion approaches instead, we must build real partnerships With investment accelerating, it is increasingly likely that commercial fusion will become a reality within the next two decades, providing the basis for prosperity, safety, and security for many years to come." The huge step up in investment, coupled with increasing government support for fusion in the U.K. Investment in private fusion companies has more than doubled in the past year and eight new companies have been founded, bringing the total to around 33.Īccording to the global fusion industry 2022 Report, six companies have now each raised over $200m in total, with notable investments in the last year including over $1.8 billion for Commonwealth Fusion Systems and $500m for Helion Energy, allowing them to develop pilot plants to demonstrate fusion electricity.
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