General Fusion is a cutting-edge energy company focused on making commercial fusion energy a reality. By leveraging Magnetized Target Fusion (MTF) technology, the company aims to generate zero-carbon electricity and meet the world’s growing energy demands sustainably. Their primary goal is to achieve scientifically viable fusion conditions by 2026, with a target of reaching over 100 million degrees Celsius, a key milestone for fusion energy. The company’s approach involves using a system where plasma is compressed using mechanical pistons, creating the necessary conditions for fusion to occur. General Fusion’s innovative technology has the potential to drastically reduce carbon emissions, helping address climate change and energy challenges globally. Their vision is to bring clean energy to market by the early 2030s, making a significant contribution to the global shift toward renewable and carbon-neutral energy sources.

Commonwealth Fusion Systems (CFS), founded in 2018 as an MIT spin-out, is revolutionizing fusion energy through high-temperature superconducting (HTS) magnet technology. These HTS magnets enable compact, powerful fusion systems capable of achieving net energy gain. CFS’s flagship project, SPARC, is designed to demonstrate the feasibility of sustained fusion reactions. The success of SPARC will pave the way for ARC, the world’s first fusion power plant intended for commercial electricity generation. ARC is expected to generate 400 megawatts of clean, sustainable energy and is slated to be operational by the early 2030s. CFS’s innovations promise to make fusion energy a practical, reliable, and environmentally friendly alternative to traditional energy sources. Based in Devens, Massachusetts, CFS has raised approximately $2 billion to advance its groundbreaking technology, with plans to bring fusion energy to market within the next decade.

First Light Fusion is a UK-based company dedicated to developing an innovative form of nuclear fusion called projectile fusion. Unlike traditional fusion methods, their approach involves launching high-speed projectiles into a specialized target to trigger fusion reactions. This technique simplifies reactor engineering and reduces energy requirements, making fusion more feasible. Founded in 2011 and headquartered in Oxfordshire, the company has built cutting-edge research facilities, including Machine 3, a powerful pulsed energy device. First Light Fusion collaborates with the UK Atomic Energy Authority and Tractebel to develop Machine 4, aiming to achieve net energy gain—a crucial step toward commercialization. With a vision to bring clean, limitless fusion power to the grid, First Light Fusion targets deploying its first power plant in the 2030s. Their research breakthroughs in shock-driven fusion could revolutionize the global energy landscape, providing a sustainable alternative to fossil fuels.

TAE Technologies is a pioneering American company focused on developing aneutronic fusion energy, aiming for a clean, safe, and sustainable power source. Founded in 1998, the company specializes in field-reversed configuration (FRC) technology, optimizing plasma confinement and stability. TAE has raised over $1.2 billion from investors, including Goldman Sachs and Google, to advance its fusion research. Beyond energy, TAE has diversified into healthcare and power management. Its subsidiary, TAE Life Sciences, focuses on boron neutron capture therapy (BNCT) for targeted cancer treatment. TAE Power Solutions leverages fusion-related innovations for electric mobility and battery storage systems. Led by CEO Michl Binderbauer, TAE collaborates with top institutions and experts to accelerate commercial fusion reactor development. The company plans to deploy a working fusion power plant by 2030, revolutionizing energy production with a sustainable, carbon-free solution for global needs.

ThorCon is an innovative nuclear energy company developing advanced molten salt reactors (MSRs) to provide safe, scalable, and cost-effective power. Their flagship reactor, the ThorCon 500, is a 500 MW fission plant designed for modular shipyard construction and offshore deployment. This low-pressure, liquid-fueled reactor ensures enhanced safety and efficiency, making it a promising alternative to traditional solid-fuel reactors. ThorCon is actively working with Indonesia to establish its first nuclear power plant, with a 500 MW demonstration unit planned for Kelasa Island by 2032. Beyond this, the company envisions expanding its footprint to 4 GW of nuclear power capacity by 2035, supporting Indonesia’s growing energy needs. Partnering with Bureau Veritas for safety qualification, ThorCon also explores innovative applications like offshore power generation and nuclear-powered ship propulsion. Their approach aims to revolutionize nuclear energy by providing reliable, clean, and scalable solutions for global energy demands.