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Tech Billionaires Bet on Fusion as Holy Grail for Business

Jennifer Hiller of The Wall Street Journal reports on recent developments in the fusion industry.

The C3 Take
  • Sam Altman, who is the CEO of ChatGPT, is one of many billionaires that is investing in nuclear fusion startups.
  • Nuclear fusion replicates the process that creates stars and produces limitless carbon-free energy.
  • In December Pacific Northwest National Laboratory reached ignition, producing more energy with fusion than was required to power the reactor.
  • With the influx of investment capital and recent successes, experts such as Ernie Moniz–the former Secretary of Energy in the Obama administration–believe that commercial fusion could be seen this decade.

“The Fusion Industry Association, based in Washington, D.C., has tracked more than $5 billion in private funding, with seven firms raising at least $200 million. Around 75% of fusion fundraising has happened since 2021, according to PitchBook.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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