Tokamak Energy's ST40 device achieved new performance records in plasma current, stored energy, and fusion triple product in 2025, and is preparing for an upgrade in partnership with the U.S. Department of Energy and the UK Department for Energy Security and Net Zero.
HB11 Energy has signed an $8.2 million agreement with the University of Adelaide to develop a high-efficiency laser for fusion energy applications, aiming to demonstrate over 10 percent wall-plug efficiency and establish a national laser fusion facility in Adelaide.
EX-Fusion, a university-originated deep tech startup in Japan aiming to commercialize laser fusion energy, joined the Japan Business Federation (Keidanren) on November 1, 2024, to collaborate on energy and technology development.
Stellarex, a fusion energy technology company spun out of Princeton University, signed a memorandum of understanding with Germany's Max-Planck-Institute for Plasma Physics to collaborate on developing stellarator-based fusion energy, focusing on plasma confinement and control.
Helion announced a collaboration with Nucor to deploy a 500 MW fusion power plant that will supply zero-carbon electricity to a Nucor steelmaking facility in the United States, with Nucor making an investment to accelerate fusion deployment.
Helion announced that Microsoft has agreed to purchase electricity from its first fusion power plant, scheduled for deployment in 2028, marking a milestone for the fusion industry and supporting Microsoft's goal to be carbon negative by 2030.
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Tokamak Energy 
Department for Energy Security and Net Zero 
United States Department of Energy 
HB11 
EX-Fusion 
Stellarex 
Max Planck Institute for Plasma Physics 
Nucor 
Helion Energy 
Microsoft