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thefusionreport.substack.com article

Q2 2025 Fusion Energy Funding and Deals

https://thefusionreport.substack.com/p/q2-2025-fusion-energy-funding-and

# Q2 2025 Fusion Energy Funding and Deals. Since the start of The Fusion Report, one of the areas that we have reported on is funding events, especially private funding events, for fusion energy companies. What makes this quarter different is that actual deals for electricity produced by fusion energy are starting to happen. While 2024 was not a “banner year” for fusion energy funding (that belongs to 2021), it wasn’t terrible – roughly $1.6 billion in private capital was raised (approximately $400 million per quarter). The bad part of these trends is that Chinese investment in fusion energy has significantly increased, as shown in the illustration at the start of this article. ## A Positive Sign: Commercial Fusion Energy Deals. While it is safe to assume that it will be a while before fusion again sees investments of the levels achieved in 2021, the importance of actual electricity deals for fusion will become more important, and will be the driver of late-stage fusion energy investments.

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ans.org news

ARPA-E commits $135 million for fusion commercialization -- ANS / Nuclear Newswire

https://www.ans.org/news/article-7923/arpae-commits-135-million-for-fusion-co…

Yesterday, the Advanced Research Projects Agency–Energy (ARPA-E) announced its largest concentrated investment in fusion technology so far, committing $135 million over the next 18 months to fund projects that develop and commercialize fusion technologies. **Mixed messages:** This announcement follows the White House’s fiscal year 2027 budget proposal, which requests a $50 million (6 percent) cut in the Department of Energy Office of Science’s fusion energy sciences initiatives budget. The budget also requests a $150 million (43 percent) cut in ARPA-E’s overall budget, a $151 million (9 percent) cut in the DOE Office of Nuclear Energy’s budget, and $10 million for the new Office of Fusion. **Recent funding:** In 2024, ARPA-E launched the Creating Hardened And Durable Fusion First Wall Incorporating Centralized Knowledge (CHADWICK) program, which has awarded more than $25 million to 13 projects pursuing first-wall materials that will maintain performance over the 40-year design lifetime of a fusion power plant. Nuclear technology start-up Project Omega announced that it has been awarded a contract through the Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E) to advance used...

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energy.mit.edu research

Funding the fusion revolution | MIT Energy Initiative

https://energy.mit.edu/news/funding-the-fusion-revolution/

[Menu](https://energy.mit.edu/news/funding-the-fusion-revolution/#). * [Research](https://energy.mit.edu/research/). * [Seed fund program](https://energy.mit.edu/seed-fund/). * [Buildings](https://energy.mit.edu/area/buildings/). * [Electric power](https://energy.mit.edu/area/electric-power/). * [Industry](https://energy.mit.edu/area/industry/). * [Policy](https://energy.mit.edu/area/policy/). * [Transportation](https://energy.mit.edu/area/transportation/). * [Education](https://energy.mit.edu/education/). * [Membership](https://energy.mit.edu/membership/). * [About](https://energy.mit.edu/membership/#about). * [Events](https://energy.mit.edu/events). * [About](https://energy.mit.edu/about/). ![Image 1: nuclear fusion power generator concept image, 3d rendering](https://energy.mit.edu/wp-content/uploads/2025/12/iStock-1466134653-1000x667.jpg). “If you walked into a room of fusion scientists in 2018 or 2019 and said there were going to be fusion startups, and venture capital funding to the tune of $9 billion, you would have been laughed out of the room,” says [Nuno Loureiro](https://energy.mit.edu/profile/nuno-loureiro/), the director of MIT’s Plasma Science and Fusion Center (PSFC). In 2021, CFS and MIT’s PSFC made a major breakthrough when they demonstrated that their [high-temperature superconducting (HTS) magnet technology](https://news.mit.edu/2021/MIT-CFS-major-advance-toward-fusion-energy-0908) could produce a magnetic field strong enough for the design of compact fusion devices. “The way I look at it, fusion is not a science problem,” says [Randall Field](https://energy.mit.edu/profile/randall-field/), the director of research at the MIT Energy Initiative. [Electric power](https://energy.mit.edu/area/electric-power/). * [Research](https://energy.mit.edu/research/). * [Education](https://energy.mit.edu/education/). * [Membership](https://energy.mit.edu/membership/). * [About](https://energy.mit.edu/about/).

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arpa-e.energy.gov official

ARPA-E Announces $135 Million Commitment for Fusion Technology

https://arpa-e.energy.gov/news-and-events/news-and-insights/arpa-e-announces-…

# ARPA-E Announces $135 Million Commitment for Fusion Technology – The Largest Fusion Investment in the Agency’s History | ARPA-E. 3. ARPA-E Announces 135 Million Commitment Fusion Technology Largest Fusion Investm... # ARPA-E Announces $135 Million Commitment for Fusion Technology – The Largest Fusion Investment in the Agency’s History. **San Diego, CA** – Today, during his plenary remarks at the 2026 ARPA-E Energy Innovation Summit, ARPA-E Director Conner Prochaska announced a $135 million commitment to further develop and commercialize fusion technologies. * To date, ARPA-E has invested approximately $134 million in commercial fusion technologies. The $135 million in newly pledged funding announced today, to be spread over multiple programs, significantly expands ARPA-E’s fusion portfolio, with investments directed at the toughest technical barriers to commercial fusion power. The United States is already the world leader in fusion commercialization; ARPA-E’s $135 million announcement marks the next step in ensuring fusion power moves from scientific possibility to a source of affordable, reliable, and secure energy.

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science.osti.gov official

FES Funding Opportunities | U.S. DOE Office of Science (SC)

https://science.osti.gov/fes/Funding-Opportunities

The United States Department of Energy seal next to blue text: " U.S. Department of Energy" a horizontal yellow line seperates additional text that reads " Office of Science". For assistance with the Office of Science's Portfolio Analysis and Management System (PAMS) at https://pamspublic.science.energy.gov, please contact the Helpdesk at (855) 818-1846 (toll-free), (301) 903-9610, or sc.pams-helpdesk@science.doe.gov. **Note:** Department of Energy National Laboratories and other Federal Agencies should read Funding Opportunity Announcements carefully to see if they are eligible to apply to a particular solicitation. DOE National Laboratories may wish to respond to the program announcements listed under Open National Laboratory Announcements. **Note:** Department of Energy National Laboratories and other Federal Agencies should read Funding Opportunity Announcements carefully to see if they are eligible to apply to a particular solicitation. ### Fusion Energy Sciences (FES) Navigation. The United States Department of Energy seal in white next to white text that reads: " U.S. Department of Energy" a horizontal white line seperates additional text that reads " Office of Science".

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latitudemedia.com news

ARPA-E awards record $135 million to speed commercial fusion ...

https://www.latitudemedia.com/news/arpa-e-awards-record-135-million-to-speed-…

The Department of Energy’s research and development arm will invest $135 million into removing the “toughest technical barriers” for fusion reaching commercial scale, ARPA-E director Conner Prochaska said today. The question is how fast we get fusion-generated power on the grid, and whether America leads that achievement,” Prochaska said in prepared remarks at the ARPA-E Energy Innovation Summit in San Diego. Commonwealth Fusion Systems is aiming to build its first commercial power plant in Virginia in partnership with Dominion Energy, and also has a PPA with Eni. In December, the parent media company of President Donald Trump’s social media network Truth Social made the bizarre move of acquiring TAE Technologies; in March the company said it’s scouting out sites to start building a utility-scale, 50-megawatt fusion power plant. Joel Fetter, managing director of Clark Street Associates’ programs in advanced energy, critical minerals, and industrial technologies, told *Latitude Media* that ARPA-E’s latest fusion investment is significant.

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fusionindustryassociation.org article

Funding the U.S. Bold Decadal Vision for Fusion Energy

https://www.fusionindustryassociation.org/funding-the-u-s-bold-decadal-vision…

The Fusion Industry Association (FIA) proposes that Congress passes a supplemental appropriation of $3 billion.

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