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The Conversation
The Conversation
Matthew Hole, Professor, Mathematical Sciences Institute and School of Computing, Australian National University

Billions in private cash is flooding into fusion power. Will it pay off?

The ITER fusion reactor under construction in 2021. Jean-Marie Hosatte / Getty Images

Over the past five years, private-sector funding for fusion energy has exploded. The total invested is approaching US$10 billion (A$15 billion), from a combination of venture capital, deep-tech investors, energy corporations and sovereign governments.

Most of the companies involved (and the cash) are in the United States, though activity is also increasing in China and Europe.

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