Biggest news Last week was not another Elon Musk Twitter rage, but the announcement that scientists have finally solved one of the biggest challenges of fusion energy – successfully capturing a lot of energy. more energy from a controlled fusion reaction than they put in.
Fusion energy, which had always seemed like science fiction and almost made sense, suddenly lost a very tangible step towards reality.
That doesn’t mean tomorrow or even 10 years from now a fusion power plant will be hooked up to the grid. But it gives momentum to a sector that has been brimming with confidence lately. A confluence of advances has led to a wave of startups and investments. Just in the last year, investors bet $2.7 Billion for Consolidated Startups.
Many of those investments were part of massive fundraising rounds of hundreds of millions of dollars. No surprise – fusion power is hard technology and it will take years of concerted research and development to make it a reality.
But what if you’re an investor who doesn’t have tens of millions of dry powders for fusion? Thankfully, not all consolidated startups are unicorns. There are many new companies chasing new ideas for power plants as well as software companies and suppliers in hopes of building a supply chain for the $40 trillion industry. follow for Bloomberg Intelligence.
Here are five companies we’re following.
