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Time Magazine
2 days ago
- Business
- Time Magazine
A Nuclear Fusion Breakthrough May Be Closer Than You Think
For long-time followers of fusion energy, Tokamak Hall is the high-water mark after decades of ups and downs. From an observation deck on the side, the surgically-clean, hospital-white room feels both like a cathedral and yet somehow too tiny for its lofty purpose. Commonwealth Fusion Systems, the company building it, says the room will soon hold a tokamak, the central donut-shaped device necessary for one approach to nuclear fusion. In the tokamak, scientists will heat up deuterium and tritium to 100 million degrees Celsius and fuse them together—producing heat that can be converted to electricity in the process. But as impressive as Tokamak Hall may be, I left the company's campus more taken by the factory floor in the building next door. There, employees are hard at work manufacturing the company's key innovation: giant magnets made of high-temperature, superconducting tape to be used in the tokamak. The magnets keep the superheated fuel in place and stable enough for the fusion process to occur. In the facility, they're churning out magnets for the pilot project—and, eventually, to build a fleet of fusion power plants. It's a testament not just to fusion's technological potential but the commercial possibilities as well. 'The power industry is a very large market, and so you have, inherently, a huge potential for financial return,' Commonwealth Fusion Systems CEO Bob Mumgaard told me after my tour in March. 'If you built something that can produce 1% of energy, you've built the largest company in the world.' The U.S. energy system is in the middle of an all-out revolution. Growing electricity demand has contributed to a massive build out of any power source that utilities can get their hands on—often gas and solar power, typically the two cheapest options these days. Meanwhile, the country has cemented its place as a superpower in fossil fuel production. Fusion energy, which has for decades been considered as distant and almost like science fiction, has the potential to reshape all of these trends. And it could happen sooner than many energy practitioners realize. 'I think we are showing promise for being able to demonstrate fusion conditions in this decade, and this decade has only five years left,' says Ernest Moniz, the former U.S. energy secretary who now serves on the board of TAE Technologies, a fusion company. 'Eventually, it could become the dominant source.' There's no question that the pathway to a grid dominated by fusion is long and windy. For decades, it's been dismissed as too fantastical to consider seriously. Yet, now, it increasingly looks like fusion may soon be commercial—and policymakers and business executives around the world have done little to prepare for the wide-reaching consequences. In February, a leading renewable energy trade group gathered industry luminaries for a summit on the future of the U.S. power sector. In the middle of the discussion, former head of the Environmental Protection Agency, Andrew Wheeler, now a partner at law firm Holland & Hart, rejected the possibility of fusion becoming commercial in the next 20 years. Even if there are advances, the regulatory process will take too long, he said. Moniz jumped in to correct: in 2023, federal authorities announced a streamlined process that will make fusion energy easier to deploy than old-school nuclear fission. 'Very few people know that that's already something in the cards,' Moniz told me later about the Nuclear Regulatory Commission's decision to regulate fusion reactors more like particle accelerators, which are inherently less risky than fission reactors. The decision was later solidified with a federal law. In casual chats with energy watchers over the last six months, I've had a version of the same conversation over and over again: a policymaker, investor, or academic rejects the possibility of commercial fusion but their opinion reflects outdated information or lacks awareness of the current state of the technology. There are good reasons for the misperceptions. Fusion first appeared on the energy sector's radar in the 1950s with a lot of hype. Nuclear weapons had proven the destructive power of nuclear technologies in World War II, and federal officials were keen to find ways to use nuclear energy—fusion and fission—to make vast amounts of electricity to power the post-war economy. In a 1953 speech at the United Nations, U.S. President Dwight Eisenhower called for nuclear development as part of an 'atoms for peace' agenda. Scientists confidently predicted that they could make quick advances with fusion just as they had with fission. So, for decades, governments have funded a wide range of approaches and experiments aimed at advancing fusion power. Billions of dollars poured into research facilities like the Joint European Torus in England and the still-under-construction ITER project in France. Yet the technology has remained stubbornly elusive, with fusion reactions consuming more energy than they generated, leading to the running joke that fusion was always '20 years away.' By the 1990s, many in the energy industry had written off fusion as a scientific curiosity rather than a viable power source. In 2022, scientists at the Lawrence Livermore National Laboratory in California achieved a game-changing breakthrough: a fusion reaction that produced more energy than required to start it. Buoyed in part by that announcement, private companies and financiers have aggressively entered the race in recent years—flipping the fusion game on its head. For decades, fusion spending had primarily come from governments, leading to a vast body of knowledge about the technology but minimal pressure to commercialize. Private companies take a different approach, trying to make money as soon as possible with fast-paced, commercially-oriented innovation. Today, the Fusion Industry Association counts at least 45 private companies globally working to develop commercial fusion; in total those companies have raised more than $7 billion—largely from private backers. Commonwealth Fusion Systems (CFS) is leading the pack. The company has raised over $2 billion—more than any competitor—and plans to put power on the grid in the early 2030s. The scientific press has paid significant attention to CFS's technological innovation: using a high-temperature super conducting tape that can create strong magnetic fields. But the company's success is the result of a combination of that technical innovation and a focus on commercial speed. To get past labor shortages, its leaders have hired from a cross section of related fields rather than focusing solely on PhD physicists. And it has adapted its blue prints and supply chains to accommodate easily adaptable products that are already on the market rather than trying to build from scratch. 'We wanted to make the technology work as soon as possible,' says Brandon Sorbom, the company's chief science officer. 'Everything else is subordinate to that.' The company's SPARC facility—where I visited the under-construction tokamak—is scheduled to deliver first net energy production in 2027. Late last year, the company said it would build its first commercial power plant in Virginia with the goal of delivering power to the grid in the early 2030s. Assuming CFS's plant works as planned, a big question remains unanswered: how much will the electricity it produces cost? In theory, the economics of successful fusion should be favorable. The fuel sources—tritium and deuterium—come from easily accessible sources, namely seawater and lithium, and should be cheap to produce compared to fossil fuels. Like many renewable energy sources, the main cost will come from financing the necessary infrastructure. And, while the executives at CFS are exceedingly confident that their approach to fusion will put electrons on the grid, they are less certain about how the cost will first pencil out. At $100 per megawatt hour they anticipate good business; at $50 per megawatt hour fusion takes over the world. 'What becomes interesting is if you get fusion soon to a power price that's relatively competitive, but you have a path to something that's really competitive,' says Rick Needham, the company's chief commercial officer. Until the plant enters operation, it's hard to know where the numbers will fall. But we do know that costs tend to decrease over time with any technology as builders become more knowledgeable and efficient. The question is who will put up the money to make it happen? To scale, CFS and its competitors will need to raise billions more to finance individual projects—knowing that returns for early investments will not be as good as they might come to be in the future. Fusion has perhaps received the most attention—and increasingly sourced its capital—from the so-called hyperscalers, big tech companies looking wherever they can to find power sources for their A.I. data centers. And both Microsoft and Google have reached agreements to buy fusion power when plants are up in running, including a June deal between Google and CFS. 'The hyperscalers, and any energy-intensive sort of industrial user of power, are starting to wake up,' says Michl Binderbauer, the CEO of nuclear fusion company TAE Technologies, which counts Google as investor. Whether these big tech players will open their wallets to finance the build out remains to be seen, even as the early signs are encouraging. It's easy to be drawn in by the utopian vision of what fusion energy can do for the world. Fully realized, the technology can provide cheap, infinite clean energy across the globe. Given how energy, and fossil fuels in particular, shapes geopolitics, proponents of fusion say the power source could alleviate conflict and create a more peaceful world. And it would dramatically aid the fight against climate change—not just transforming today's power sector but leading to a rethink of how we use energy in industry and transportation. But technological shifts are rarely so simple. New energy sources have historically disrupted existing power structures, created winners and losers, and generated unforeseen consequences that ripple across industries and nations. Indeed, one place where people are paying attention is in China, which is racing to build its own state-backed fusion companies. If China does a better job of commercializing fusion, it would significantly alter geopolitical dynamics. 'China is a country of extraordinary initiative. In domain after domain, China invests early,' Senator Mark Warner, a Virginia Democrat who is also the vice chair of the Intelligence Committee, told me at a fusion event in February. Even for those who are paying attention to fusion, it remains almost impossible to plan for its commercial emergence. Demand for electricity is rising everywhere, including the U.S., and utilities need to ensure that the grid is well supplied with technologies that exist today. For an industry that plans in decades-long time scales, the timing is challenging. Many places, including the U.S., are experiencing a surge in demand—and will build a whole lot of energy infrastructure—just before commercial fusion, potentially, comes online. That timing could prove costly. Power plants built in the next decade might become stranded assets if cheap fusion electricity arrives. Grid infrastructure designed for today's energy mix may need expensive retrofitting. And regulatory frameworks built around fossil fuels and traditional renewables will require fundamental rethinking. 'The downside is that it's not here right now,' says Needham. But in energy markets, there is a fine line between a technology being too futuristic and becoming the next big thing. We may be approaching that line now. This story is supported by a partnership with Outrider Foundation and Journalism Funding Partners. TIME is solely responsible for the content.
Associated Press
04-07-2025
- Business
- Associated Press
Regulatory & Policy Impact Analysis, Patent Analysis, Start-Up Landscape, Investment Landscape, Future Outlook, Market Roadmap, Pricing Analysis
DUBLIN--(BUSINESS WIRE)--Jul 4, 2025-- The 'Fusion Energy Market - A Global and Regional Analysis: Focus on Application, Technology, Fuel Cycle, and Country Analysis - Analysis and Forecast, 2025-2034" report has been added to offering. The global fusion energy market is characterized by a dynamic ecosystem of large-scale international collaborations, government-backed research consortia, and a burgeoning cadre of private ventures, all converging on magnetic confinement (tokamaks and stellarators) and inertial confinement approaches. Projects such as ITER and SPARC exemplify multi-billion-dollar efforts to demonstrate net-energy gain, while companies like Commonwealth Fusion Systems, TAE Technologies, and General Fusion are deploying high-temperature superconducting magnets, advanced plasma heating, and proprietary target designs to accelerate prototype timelines. Concurrent advances in AI/ML-driven plasma control, novel refractory materials capable of withstanding extreme neutron fluxes, and modular reactor architectures underscore the sector's commitment to de-risking scale-up and achieving cost-effective, commercially viable fusion power. Fusion Energy Market Lifecycle Stage Fusion energy remains in the late R&D and early demonstration phase of its market lifecycle, with most technologies at technology-readiness levels (TRLs) 4-7, translating bench-scale breakthroughs into engineering prototypes. While governments and grid operators prepare regulatory frameworks and licensing pathways, commercial deployment is anticipated in the early 2030s as pilot plants validate continuous operation and tritium fuel cycles. This nascent phase is marked by intense capital deployment, strategic partnerships between utilities and technology providers, and an evolving value chain that spans superconducting magnet manufacturers, plasma diagnostics suppliers, and systems integrators - setting the stage for transition to first-of-a-kind commercial reactors. Fusion Energy Market Key Players and Competition Synopsis The fusion energy market features a competitive landscape driven by a mix of multinational research consortia and ambitious private ventures. On the public side, the ITER collaboration - backed by the EU, United States, China, India, Japan, Korea and Russia - serves as the flagship tokamak project, while national laboratories such as the U.S. Department of Energy's Princeton Plasma Physics Laboratory and Europe's EUROfusion program advance stellarator and alternative confinement concepts. In the private sector, Commonwealth Fusion Systems harnesses high-temperature superconducting magnets in compact tokamaks, TAE Technologies pursues beam-driven field-reversed configurations, General Fusion develops magnetized target fusion via piston-driven compression, and Tokamak Energy focuses on spherical tokamaks with rapidly deployable HTS coils. Competition is further intensified by strategic partnerships with academic institutions and industrial suppliers, differentiated technology roadmaps, and escalating venture capital and government funding, as each player races to demonstrate net-energy gain and establish a foothold in the emerging commercial fusion industry. Fusion Energy Market Segmentation: Demand Drivers and Limitations The following are the demand drivers for the global fusion energy market: The global fusion energy market is expected to face some limitations as well due to the following challenges: Some prominent names established in the fusion energy market are: Key Attributes: Key Topics Covered: Executive Summary Scope and Definition Market/Product Definition Key Questions Answered Analysis and Forecast Note 1. Markets: Industry Outlook 1.1 Trends: Current and Future Impact Assessment 1.2 Market Dynamics Overview 1.2.1 Market Drivers 1.2.2 Market Restraints 1.2.3 Market Opportunities 1.3 Regulatory & Policy Impact Analysis 1.4 Patent Analysis 1.5 Start-Up Landscape 1.6 Investment Landscape and R&D Trends 1.7 Future Outlook and Market Roadmap 1.8 Value Chain Analysis 1.9 Global Pricing Analysis 1.10 Industry Attractiveness 2. Fusion Energy Market (by Application) 2.1 Application Segmentation 2.2 Application Summary 2.3 Fusion Energy Market (by Application) 2.3.1 Power Generation 2.3.2 Research and Development 2.3.3 Space Propulsion 2.3.4 Industrial Applications 3. Fusion Energy Market (by Product) 3.1 Product Segmentation 3.2 Product Summary 3.3 Fusion Energy Market (by Technology) 3.3.1 Magnetic Confinement Fusion 3.3.2 Inertial Confinement Fusion 3.3.3 Stellarators 3.3.4 Spheromaks 3.4 Fusion Energy Market (by Fuel Cycle) 3.4.1 Deuterium Tritium 3.4.2 Deuterium 3.4.3 Deuterium Helium 3 3.4.4 Proton Boron 4. Fusion Energy Market (by Region) 4.1 Fusion Energy Market (by Region) 4.2 North America 4.2.1 Regional Overview 4.2.2 Driving Factors for Market Growth 4.2.3 Factors Challenging the Market 4.2.4 Application 4.2.5 Product 4.2.6 North America (by Country) 4.2.6.1 U.S. 4.2.6.1.1 Market by Application 4.2.6.1.2 Market by Product 4.2.6.2 Canada 4.2.6.2.1 Market by Application 4.2.6.2.2 Market by Product 4.2.6.3 Mexico 4.2.6.3.1 Market by Application 4.2.6.3.2 Market by Product 4.3 Europe 4.4 Asia-Pacific 4.5 Rest-of-the-World 5. Markets - Competitive Benchmarking & Company Profiles 5.1 Next Frontiers 5.2 Geographic Assessment 5.3 Company Profiles 5.3.1 Overview 5.3.2 Top Products/Product Portfolio 5.3.3 Top Competitors 5.3.4 Target Customers 5.3.5 Key Personnel 5.3.6 Analyst View 5.3.7 Market Share 6. Research Methodology For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. View source version on CONTACT: Laura Wood, Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 KEYWORD: INDUSTRY KEYWORD: OTHER ENERGY ENERGY SOURCE: Research and Markets Copyright Business Wire 2025. PUB: 07/04/2025 06:58 AM/DISC: 07/04/2025 06:58 AM
Yahoo
27-06-2025
- Business
- Yahoo
Magnetic Confinement Fusion Leads the Charge in Global Fusion Energy Efforts
The global fusion energy market, driven by international collaborations and private ventures, is advancing rapidly with a focus on magnetic and inertial confinement approaches. Key projects like ITER and SPARC, alongside firms such as Commonwealth Fusion Systems and TAE Technologies, are pivotal in demonstrating net-energy gain. The market is in the late R&D phase, with commercial deployment expected by the early 2030s. Asia-Pacific is set to lead production, propelled by regional demand and government initiatives. Despite challenges like high costs, the market is booming due to the growing need for clean energy and advancements in plasma control. Major players include General Fusion, Helion, and TAE Technologies. Fusion Energy Market Dublin, June 27, 2025 (GLOBE NEWSWIRE) -- The "Fusion Energy Market - A Global and Regional Analysis: Focus on Application, Technology, Fuel Cycle, and Country Analysis - Analysis and Forecast, 2025-2034" report has been added to global fusion energy market is characterized by a dynamic ecosystem of large-scale international collaborations, government-backed research consortia, and a burgeoning cadre of private ventures, all converging on magnetic confinement (tokamaks and stellarators) and inertial confinement approaches. Projects such as ITER and SPARC exemplify multi-billion-dollar efforts to demonstrate net-energy gain, while companies like Commonwealth Fusion Systems, TAE Technologies, and General Fusion are deploying high-temperature superconducting magnets, advanced plasma heating, and proprietary target designs to accelerate prototype timelines. Concurrent advances in AI/ML-driven plasma control, novel refractory materials capable of withstanding extreme neutron fluxes, and modular reactor architectures underscore the sector's commitment to de-risking scale-up and achieving cost-effective, commercially viable fusion power. Fusion Energy Market Lifecycle StageFusion energy remains in the late R&D and early demonstration phase of its market lifecycle, with most technologies at technology-readiness levels (TRLs) 4-7, translating bench-scale breakthroughs into engineering prototypes. While governments and grid operators prepare regulatory frameworks and licensing pathways, commercial deployment is anticipated in the early 2030s as pilot plants validate continuous operation and tritium fuel cycles. This nascent phase is marked by intense capital deployment, strategic partnerships between utilities and technology providers, and an evolving value chain that spans superconducting magnet manufacturers, plasma diagnostics suppliers, and systems integrators - setting the stage for transition to first-of-a-kind commercial reactors. Fusion Energy Market Key Players and Competition SynopsisThe fusion energy market features a competitive landscape driven by a mix of multinational research consortia and ambitious private ventures. On the public side, the ITER collaboration - backed by the EU, United States, China, India, Japan, Korea and Russia - serves as the flagship tokamak project, while national laboratories such as the U.S. Department of Energy's Princeton Plasma Physics Laboratory and Europe's EUROfusion program advance stellarator and alternative confinement the private sector, Commonwealth Fusion Systems harnesses high-temperature superconducting magnets in compact tokamaks, TAE Technologies pursues beam-driven field-reversed configurations, General Fusion develops magnetized target fusion via piston-driven compression, and Tokamak Energy focuses on spherical tokamaks with rapidly deployable HTS is further intensified by strategic partnerships with academic institutions and industrial suppliers, differentiated technology roadmaps, and escalating venture capital and government funding, as each player races to demonstrate net-energy gain and establish a foothold in the emerging commercial fusion Energy Market Segmentation: Power Generation is one of the prominent application segments in the global fusion energy market. The global fusion energy market is estimated to be led by the magnetic confinement fusion segment in terms of type. In the fusion energy market, Asia-Pacific is anticipated to gain traction in terms of production, with increasing infrastructure demand and government initiatives. Demand Drivers and Limitations The following are the demand drivers for the global fusion energy market: AI/ML-Driven Plasma Control and Optimization Growing demand for clean and sustainable energy sources The global fusion energy market is expected to face some limitations as well due to the following challenges: High cost and technical complexity for fusion energy technology Regulatory and Public Acceptance Some prominent names established in the fusion energy market are: General Fusion Helion NearStar Fusion Zap Energy TAE Technologies Commonwealth Fusion Systems Avalanche Fusion Energy Solutions of Hawaii Longview Fusion Energy Systems Serva Energy LPP Fusion Thea Energy First Light Marvel Fusion Kyoto Fusioneering Key Attributes: Report Attribute Details No. of Pages 120 Forecast Period 2025 - 2034 Estimated Market Value (USD) in 2025 $291.42 Billion Forecasted Market Value (USD) by 2034 $445.2 Billion Compound Annual Growth Rate 4.8% Regions Covered Global Key Topics Covered: Executive SummaryScope and DefinitionMarket/Product DefinitionKey Questions AnsweredAnalysis and Forecast Note1. Markets: Industry Outlook1.1 Trends: Current and Future Impact Assessment1.2 Market Dynamics Overview1.2.1 Market Drivers1.2.2 Market Restraints1.2.3 Market Opportunities1.3 Regulatory & Policy Impact Analysis1.4 Patent Analysis1.5 Start-Up Landscape1.6 Investment Landscape and R&D Trends1.7 Future Outlook and Market Roadmap1.8 Value Chain Analysis1.9 Global Pricing Analysis1.10 Industry Attractiveness2. Fusion Energy Market (by Application)2.1 Application Segmentation2.2 Application Summary2.3 Fusion Energy Market (by Application)2.3.1 Power Generation2.3.2 Research and Development2.3.3 Space Propulsion2.3.4 Industrial Applications3. Fusion Energy Market (by Product)3.1 Product Segmentation3.2 Product Summary3.3 Fusion Energy Market (by Technology)3.3.1 Magnetic Confinement Fusion3.3.2 Inertial Confinement Fusion3.3.3 Stellarators3.3.4 Spheromaks3.4 Fusion Energy Market (by Fuel Cycle)3.4.1 Deuterium Tritium3.4.2 Deuterium3.4.3 Deuterium Helium 33.4.4 Proton Boron4. Fusion Energy Market (by Region)4.1 Fusion Energy Market (by Region)4.2 North America4.2.1 Regional Overview4.2.2 Driving Factors for Market Growth4.2.3 Factors Challenging the Market4.2.4 Application4.2.5 Product4.2.6 North America (by Country)4.2.6.1 U.S.4.2.6.1.1 Market by Application4.2.6.1.2 Market by Product4.2.6.2 Canada4.2.6.2.1 Market by Application4.2.6.2.2 Market by Product4.2.6.3 Mexico4.2.6.3.1 Market by Application4.2.6.3.2 Market by Product4.3 Europe4.4 Asia-Pacific4.5 Rest-of-the-World5. Markets - Competitive Benchmarking & Company Profiles5.1 Next Frontiers5.2 Geographic Assessment5.3 Company Profiles5.3.1 Overview5.3.2 Top Products/Product Portfolio5.3.3 Top Competitors5.3.4 Target Customers5.3.5 Key Personnel5.3.6 Analyst View5.3.7 Market Share6. Research MethodologyFor more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Fusion Energy Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Yahoo
03-06-2025
- Business
- Yahoo
TAE Technologies raises $150m in funding for fusion energy development
Fusion energy firm TAE Technologies has raised more than $150m in its latest funding round, supporting efforts to deliver the world's first commercial fusion power. The recent capital injection surpasses the initial target set for this round of financing. Among the investors participating in the round were Chevron, Google and New Enterprise Associates (NEA), along with other new and existing stakeholders. The option remains open for TAE to secure additional funds as part of this round. AE's total equity capital raised since inception now exceeds $1.3bn, further endorsing the company's unique approach to achieving commercial fusion. In early 2025, TAE announced a significant breakthrough with its "Norm" technology, which achieved stable plasma at temperatures exceeding 70 million degrees Celsius in a simplified fusion device. This advancement is a step forward in enhancing the performance and reactor-readiness of TAE's fusion tech. TAE's collaboration with Google, which began in 2014, has been instrumental in reaching this milestone. Together, they have utilised advanced machine learning to expedite fusion science, resulting in improved plasma lifetime and performance. TAE Technologies CEO Michl Binderbauer stated: 'Fusion has the potential to transform the energy landscape, providing near-limitless clean power at a time when the world's energy needs are growing exponentially due to the growth of AI and data centres. 'TAE's technology uses the soundest physics to deliver superior performance in a compact machine, with attractive economics and best-in-class maintainability. We are leading the charge to develop revolutionary fusion technology for full-scale commercial deployment.' Google engineers have been integrated into TAE's teams, co-developing sophisticated plasma reconstruction algorithms. Google's ongoing support reflects a comprehensive technical and commercial evaluation of TAE's fusion approach, as detailed by Ross Koningstein, founder of Google's nuclear energy research and development group, on the Google blog. The fusion systems developed by TAE promise on-demand, carbon-free, utility-scale power without the risks associated with traditional nuclear power, such as meltdowns or long-lived radioactive waste. This safety profile allows TAE fusion power plants to be located in diverse settings, from densely populated areas to remote regions or near large data centres. 'We're delighted to continue our relationship with Google, which has not only provided funding to TAE but collaborated closely in research and development over many years. With this latest fundraise, we look forward to accelerating our efforts to deliver commercial fusion power,' Binderbauer added. TAE's technological prowess is evidenced by its portfolio of more than 1,500 patents worldwide and the successful construction of five prototype generations. The last four prototypes are comparable in size to traditional natural gas combustion turbines, with two additional prototypes currently in development. "TAE Technologies raises $150m in funding for fusion energy development" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
02-06-2025
- Business
- Bloomberg
Bloomberg Intelligence: US Manufacturing Activity Contracted in May for a Third Month
Watch Alix and Paul LIVE every day on YouTube: Bloomberg Intelligence hosted by Paul Sweeney and Alix Steel Today's Podcast Features are: Susan Spence, Chair, ISM Manufacturing PMI at Institute for Supply Management, discusses ISM Manufacturing data. US factory activity contracted in May for a third consecutive month and a gauge of imports fell to a 16-year low as firms pulled back in the face of higher tariffs. Sam Fazeli, Bloomberg Intelligence, Director of Research for Global Industries and Senior Pharmaceuticals, discusses the latest Biotech news. Sanofi agrees to buy Blueprint Medicines Corp. for at least $9.1 billion to expand in rare immunological diseases. Bristol-Myers Squibb Co. will pay BioNTech SE as much as $11.1 billion to license a next-generation cancer drug. – Moderna won FDA approval for its second-generation Covid vaccine for all adults over 65 and anyone over 12 who has at least one risk factor for severe disease. Shana Sissel, President and CEO at Banríon Capital Management, joins to discuss her outlook on the markets. Wall Street investors are parsing economic data, tariff, and geopolitical developments, causing stocks to waver and the dollar to head towards its lowest since 2023. Michl Binderbauer, CEO of TAE Technologies, discusses company's latest funding round. TAE Technologies ('TAE'), the leading fusion energy company developing the cleanest and safest approach to commercial fusion power, today announced that it has raised more than $150 million in its latest funding round, exceeding the company's initial target for the round.
