During today's Full Committee Hearing to Examine Fusion Energy Technology Development within the Senate Committee on Energy & Natural Resources, Senator Manchin of West Virginia showed a graph from our recent blog post, Equity Investments to Fusion Energy Companies 2010-2023 by Country.
Credit Andrew Holland, Fusion Industry Association
We were happy to see this graph utilized by Senator Manchin and the robust discussion of fusion energy development within the United States, and to hear the different perspectives which were shared surrounding international competition and cooperation.
Given the interest in this graph, we have updated it below, showing equity investments to fusion companies1 through September 19th, 2024.
The largest announced funding round so far in 2024 was an increase of Neo Fusion's registered capital2 by 9.5 billion RMB ($1.3 billion USD). Barring large announcements before the end of this year, for the second year in a row, it appears that equity funding to fusion companies in China will exceed equity funding to fusion companies in all other countries combined.
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