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Top 10 Fusion Energy startups
Updated: April 10, 2024 |
Fusion Energy - is an attempt to build Sun-like reactor on Earth that produces times more energy than it consumes. In a fusion process, two lighter atomic nuclei (deuterium and tritium) combine to form a heavier nucleus, while releasing energy.
1
Country: USA | Funding: $2B
Commonwealth Fusion develops energy through inexhaustible power plant. It uses rare-earth barium copper oxide superconductor technology to develop energy.
Commonwealth Fusion develops energy through inexhaustible power plant. It uses rare-earth barium copper oxide superconductor technology to develop energy.
2
Country: USA | Funding: $1.3B
TAE Technologies intends to create a new source of clean energy – one that’s powered by nature’s own processes and produces no harmful byproducts. It's on a path to commercial fusion energy and pioneering sustainable solutions for a better tomorrow.
TAE Technologies intends to create a new source of clean energy – one that’s powered by nature’s own processes and produces no harmful byproducts. It's on a path to commercial fusion energy and pioneering sustainable solutions for a better tomorrow.
3
Country: USA | Funding: $577.8M
Helion Energy utilizes fusion energy to deliver clean, safe electricity.
Helion Energy utilizes fusion energy to deliver clean, safe electricity.
4
Country: Canada | Funding: $354.5M
General Fusion is developing utility-scale fusion power using a new, patent pending concept based on recent developments in Magnetized Target Fusion (MTF). It is the goal of General Fusion to demonstrate and commercialize this new clean, safe and economical concept by the end of the decade.
General Fusion is developing utility-scale fusion power using a new, patent pending concept based on recent developments in Magnetized Target Fusion (MTF). It is the goal of General Fusion to demonstrate and commercialize this new clean, safe and economical concept by the end of the decade.
5
Country: China | Funding: CN¥1.5B
Neo Fusion operates as a nuclear fusion startup develops technologies to harness the power of the Sun to bring controlled fusion for commercial uses.
Neo Fusion operates as a nuclear fusion startup develops technologies to harness the power of the Sun to bring controlled fusion for commercial uses.
6
Country: USA | Funding: $207.8M
Zap Energy is a fusion energy technology company building a fusion reactor that does not employ magnets.
Zap Energy is a fusion energy technology company building a fusion reactor that does not employ magnets.
7
Country: UK | Funding: £123.1M
Tokamak Energy aims to accelerate the development of fusion energy. Tokamak Energy was founded by leading scientists from the world’s leading fusion research establishment at Culham to develop the potential to use fusion neutrons for a variety of applications from material treatments to medical applications or low cost hydrogen production. The technology is also applicable in the area of nuclear waste, where it...
Tokamak Energy aims to accelerate the development of fusion energy. Tokamak Energy was founded by leading scientists from the world’s leading fusion research establishment at Culham to develop the potential to use fusion neutrons for a variety of applications from material treatments to medical applications or low cost hydrogen production. The technology is also applicable in the area of nuclear waste, where it...
8
Country: UK | Funding: $107M
First Light Fusion (FLF) develops Inertial confinement fusion reactor that can produce power.
First Light Fusion (FLF) develops Inertial confinement fusion reactor that can produce power.
9
Country: Japan | Funding: ¥12.3B
Kyoto Fusioneering is a research & development, design, and manufacture of parts related to fusion reactors.
Kyoto Fusioneering is a research & development, design, and manufacture of parts related to fusion reactors.
10
Country: USA | Funding: $79M
Focused Energy works to commercialize inertial fusion energy (IFE), which involves the use of high-power laser beams to spark a fusion reaction.
Focused Energy works to commercialize inertial fusion energy (IFE), which involves the use of high-power laser beams to spark a fusion reaction.
11
Country: Germany | Funding: €60M
Its innovative approach to fusion energy sets Marvel Fusion apart from its competitors. Instead of relying on temperature to reach fusion conditions, Marvel Fusion uses particle acceleration, making the approach much more efficient than conventional thermal approaches to fusion.
Its innovative approach to fusion energy sets Marvel Fusion apart from its competitors. Instead of relying on temperature to reach fusion conditions, Marvel Fusion uses particle acceleration, making the approach much more efficient than conventional thermal approaches to fusion.
12
Country: USA | Funding: $51.6M
Avalanche Energy is a fusion energy startup that develops micro-fusion reactors that can be used in space.
Avalanche Energy is a fusion energy startup that develops micro-fusion reactors that can be used in space.
13
Country: USA | Funding: $29M
Type One Energy uses an enhanced version of a 1957 experimental device invented by US scientist Lyman Spitzer called the “stellarator” to generate nuclear fusion reactions.
Type One Energy uses an enhanced version of a 1957 experimental device invented by US scientist Lyman Spitzer called the “stellarator” to generate nuclear fusion reactions.
14
Country: Germany | Funding: €27.5M
Proxima Fusion creates new types of power plants using stellarators that optimised to create magnetic cages for high-energy particles.
Proxima Fusion creates new types of power plants using stellarators that optimised to create magnetic cages for high-energy particles.
15
Country: Australia | Funding: $22M
HB11 Energy will realize electricity generation with the fusion of hydrogen and boron-11 (HB11) using lasers. It will create an unlimited source of clean, safe and reliable energy using fuels that are abundant in nature using a reaction that does not produce radioactive waste.
HB11 Energy will realize electricity generation with the fusion of hydrogen and boron-11 (HB11) using lasers. It will create an unlimited source of clean, safe and reliable energy using fuels that are abundant in nature using a reaction that does not produce radioactive waste.
16
Country: Israel | Funding: $22M
NT-Tao is an alternative energy startup that specializes in the field of compact fusion technology.
NT-Tao is an alternative energy startup that specializes in the field of compact fusion technology.
17
Country: USA | Funding: $20M
Thea Energy is taking a faster approach to commercialize fusion energy.
Thea Energy is taking a faster approach to commercialize fusion energy.
18
Country: Japan | Funding: $19.4M
With our helical-type fusion reactors, Helical Fusion will create a sustainable and stable energy source that will enable the coexistence of humans and the Earth for the next million years.
With our helical-type fusion reactors, Helical Fusion will create a sustainable and stable energy source that will enable the coexistence of humans and the Earth for the next million years.
19
Country: USA | Funding: $17.8M
Xcimer Energy offers a laser-driven fusion to provide cheap, abundant, and carbon-free energy.
Xcimer Energy offers a laser-driven fusion to provide cheap, abundant, and carbon-free energy.
20
Country: France | Funding: $16.4M
Renaissance Fusion is a high-temperature superconductor and stellarator company. Unlike most nuclear fusion experiments that are based on tokamaks, Renaissance Fusion is working on a stellarator reactor.
Renaissance Fusion is a high-temperature superconductor and stellarator company. Unlike most nuclear fusion experiments that are based on tokamaks, Renaissance Fusion is working on a stellarator reactor.
21
Country: Japan | Funding: ¥1.9B
EX-Fusion develops the first commercial laser based nuclear fusion reactor for power generation.
EX-Fusion develops the first commercial laser based nuclear fusion reactor for power generation.
22
Country: USA | Funding: $12M
Realta Fusion develops fusion energy technology for the production of industrial heat and power.
Realta Fusion develops fusion energy technology for the production of industrial heat and power.
23
Country: USA | Funding: $10M
LPPFusion’s main technology is Focus Fusion, a fusion energy generator that we are researching and developing. Our spin-off technology is X-scan inspection technology.
LPPFusion’s main technology is Focus Fusion, a fusion energy generator that we are researching and developing. Our spin-off technology is X-scan inspection technology.
24
Country: USA | Funding: $3.2M
CTFusion is a startup that uses a patented technology called Imposed-Dynamo Current Drive (IDCD) to generate compact and magnetically-confined fusion plasmas.
CTFusion is a startup that uses a patented technology called Imposed-Dynamo Current Drive (IDCD) to generate compact and magnetically-confined fusion plasmas.
25
Country: Germany
Pulsar Fusion has designed the first launch-capable, high-power chemical rocket engine fueled by plastic waste. Pulsar is in advanced stages of design of Fusion power station reactor
Pulsar Fusion has designed the first launch-capable, high-power chemical rocket engine fueled by plastic waste. Pulsar is in advanced stages of design of Fusion power station reactor
26
Country: Germany
Gauss Fusion is leading the commercialization of Fusion Power Plants (FPP) as a magnetic confinement fusion innovator and as architect of the first industrialized gigawatt-class power plant
Gauss Fusion is leading the commercialization of Fusion Power Plants (FPP) as a magnetic confinement fusion innovator and as architect of the first industrialized gigawatt-class power plant
27
Country: Spain | Funding: €750k
Advanced Ignition develops fusion reactors designed to reach ignition in the short term to power plants by using the most advanced reactors.
Advanced Ignition develops fusion reactors designed to reach ignition in the short term to power plants by using the most advanced reactors.
28
Country: USA | Funding: $390K
NearStar Fusion is developing a new pulsed approach to create fusion called Hypervelocity Gradient Field Fusion (HGFF) which builds on a successful method of imploding metallic liners (Z machine) combined with a repeatable theta pinch process developed under a NASA Innovative Advanced Concept study.
NearStar Fusion is developing a new pulsed approach to create fusion called Hypervelocity Gradient Field Fusion (HGFF) which builds on a successful method of imploding metallic liners (Z machine) combined with a repeatable theta pinch process developed under a NASA Innovative Advanced Concept study.
29
Country: USA | Funding: $390K
Fusion energy company developing tritium-free pulsed impact fusion for simple, unlimited and clean energy for the world.
Fusion energy company developing tritium-free pulsed impact fusion for simple, unlimited and clean energy for the world.
30
Country: UK
Fusion Reactors is developing a fusion reactor to deliver electricity to the grid from fusion energy.
Fusion Reactors is developing a fusion reactor to deliver electricity to the grid from fusion energy.
31
Country: USA
Electric Fusion Systems, Inc. is developing a compact and portable fusion power generator capable of delivering kilowatts, yet scalable to many megawatts. It creates aneutronic fusion, the only fusion energy source that is truly clean, safe, and environmentally friendly.
Electric Fusion Systems, Inc. is developing a compact and portable fusion power generator capable of delivering kilowatts, yet scalable to many megawatts. It creates aneutronic fusion, the only fusion energy source that is truly clean, safe, and environmentally friendly.
32
Country: Australia
HB11 Energy is developing Laser Hydrogen Boron-11 fusion to provide a new source of unlimited, clean, safe and reliable energy. Our mission is to generate electricity using laser-ignited non-thermal fusion.
HB11 Energy is developing Laser Hydrogen Boron-11 fusion to provide a new source of unlimited, clean, safe and reliable energy. Our mission is to generate electricity using laser-ignited non-thermal fusion.