biggest news Elon Musk’s Twitter tantrums last week were no different, but the announcement that scientists have finally solved one of the biggest challenges in fusion power generation is a far cry from a controlled fusion reaction than they put in. succeeded in extracting a large amount of energy.
The power of nuclear fusion, which always seemed like science fiction and seemed plausible, suddenly took a very tangible step towards reality.
That doesn’t mean everyone will connect a fusion power plant to the grid tomorrow, or ten years from now. But it gives a boost to an area that has been brimming with confidence lately. Last year alone, an investor bet his $2.7 billion on fusion startups.
Many of these investments are part of huge rounds raising hundreds of millions of dollars in capital. Unsurprisingly, fusion power is a difficult technology, requiring years of coordinated research and development to bring it to fruition.
But what if you’re an investor and don’t have tens of millions of dollars of dry powder allocated for fusion? Thankfully, not all fusion startups are unicorns. According to Bloomberg Intelligence, there are many new companies pursuing novel ideas for power plants, as well as software companies and suppliers hoping to build supply chains for a $40 trillion industry.
Here are five companies that we are paying close attention to.