Helion announced that it raised $425 million in a Series F funding round, which will be used to scale up manufacturing and accelerate the construction of its first fusion power plant in the U.S.
EX-Fusion announced the start of joint development with J-TEC Corporation to create next-generation high-performance reflective mirrors, leveraging their combined advanced technologies in precision processing, optics, and control.
Pacific Fusion announced the establishment of a Cooperative Research and Development Agreement with Sandia National Laboratories to collaborate on pulsed magnetic fusion technology and high-yield fusion capabilities.
An Ignition Computing-led consortium, including CEA and Université Côte d’Azur, has been awarded a contract to develop a Pulse Design Simulator for the ITER fusion project, which will utilize various simulation codes and tools to model the operation of the ITER tokamak.
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.
EX-Fusion announced it raised a total of 1.1 billion yen in a pre-Series A funding round, bringing its total funding to 3.03 billion yen. The company is developing laser-based nuclear fusion technology aimed at commercial energy production.
Pacific Fusion announced on October 25, 2024, that it is developing a pulsed magnetic inertial fusion system aiming to achieve net energy gain, with over $900 million in funding secured from investors including General Catalyst and others.
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.
EX-Fusion established a research facility in Hamamatsu, Japan, to conduct demonstration studies on target tracking, laser control, and irradiation systems for laser-based nuclear fusion energy development.
EX-Fusion and Tokyo Institute of Technology established a joint research center in October 2023 to develop liquid metal devices for laser nuclear fusion reactors, aiming for early commercialization of Japan's laser fusion power plant technology.
EX-Fusion established a wholly owned subsidiary, EX-Fusion Australia Pty Ltd., in Australia and began business operations in October 2023 to focus on laser applications related to nuclear fusion and other advanced energy technologies.
Helion is conducting the final fusion test campaign on its sixth prototype, Trenta, which has demonstrated thermonuclear fusion conditions and the ability to recapture energy as electricity. The company plans to retire Trenta and focus on its seventh prototype, Polaris, expected to demonstrate net electricity in 2024.
EX-Fusion and Osaka University established a joint research center to demonstrate laser irradiation systems necessary for laser nuclear fusion reactors, with a focus on target supply and high-precision laser irradiation technology, from September 2023 to September 2026.
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.
EX-Fusion announced it received funding from the EQT Foundation as part of a seed round to support its research and development of laser-based nuclear fusion technology aimed at commercial energy production.
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.
EX-Fusion received the grand prize at the 10th MUFG Business Support Program 'Rise Up Festa' for its work on laser-based nuclear fusion energy technology aimed at practical application in Japan.
EX-Fusion announced it raised a total of 1.8 billion yen in seed funding, bringing its cumulative funding to 19.3 billion yen, to develop laser nuclear fusion technology in Japan.
EX-Fusion, a Japanese company, was selected for the Osaka Prefecture's 2023 subsidy program to develop and demonstrate high-power laser system technology for energy efficiency and laser nuclear fusion applications, aiming to showcase the system at the Expo and contribute to CO2 reduction.
EX-Fusion, a Japanese startup focused on laser-based nuclear fusion, announced the strengthening of its management team to accelerate the development of commercial fusion reactors and has raised approximately 4 billion yen in a Series A funding round.
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Nucor 
Lightspeed 
SoftBank Vision Fund 
Mithril Capital Management 
Helion Energy 
EX-Fusion 
Pacific Fusion 
Sandia National Laboratory 
French Alternative Energies and Atomic Energy Commission 
Ignition Computing 
ITER Organization 
Lawrence Livermore National Laboratory 
Stellarex 
Max Planck Institute for Plasma Physics 
Laser Fusion Research Center 
Microsoft