nuclear fusion

Shanghai is exploring dedicated funds to address 'choke point' technologies and new channels for offshore yuan capital to invest in China’s tech board. The city will allow pre-profit tech firms in AI and nuclear fusion to go public, with funds pooling investment from state-owned enterprises and government-backed sources.

Google has backed Proxima Fusion, a nuclear fusion startup aiming to build Europe’s first commercial power plant. The company has raised $468 million to advance its efforts in commercializing nuclear fusion technology.

Global companies and German startups are competing to develop the first commercially viable nuclear fusion reactor. German startups in the race receive support from major corporations and private investors.

China's CRAFT 'artificial sun' project has activated the world's largest superconducting magnet, consisting of a toroidal-field magnet and central solenoid, passing final tests and surpassing international benchmarks. This achievement by the Institute of Plasma Physics, Chinese Academy of Sciences, clears a major engineering hurdle for nuclear fusion research.

Joe Paluska, CMO of Commonwealth Fusion Systems, aims to generate excitement for nuclear fusion among Gen Z and Gen Alpha through a three-phased marketing campaign. The startup, backed by $3 billion in funding from entities like Google and Nvidia, is developing zero-carbon fusion power using superconducting magnets.

Europe’s joint nuclear-fusion project requires Russian expertise for progress. Despite geopolitical tensions, Russian and Western scientists continue collaborating at ITER, though at a slow pace.