Nuclear fusion company, Commonwealth Fusion Systems, has received a $650m equity investment as more businesses look at getting involved in the carbon-free energy space.
While nuclear fusion involves challenging scientific problems that have stumped researchers for decades, there are currently over 50 companies investigating the potentially game-changing low-carbon energy solution.
Groundbreaking success was achieved in 2022 at Lawrence Livermore National Laboratory in California, and other projects are looking to replicate that achievement en route to generating electricity from fusion power plants.
Should these projects be successful, nuclear fusion could provide a carbon-free, ammonia-free source of energy, creating a potential alternative to current nuclear power, which produces radioactive waste, and fossil fuel options.
microsoft has signed a deal with Helion Energy for fusion-generated electricity by 2028, and Google has made an agreement with Commonwealth Fusion Systems, a company Google is also investing in.
While there are still significant scientific and engineering hurdles to overcome, with it possibly taking decades before fusion energy is commercially available, the market is responding positively to the potentially revolutionary clean energy option.