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Tue Oct 21

Billions in private cash is flooding into fusion power. Will it pay off?

Written by Matthew Hole, Professor, Mathematical Sciences Institute and School of Computing, Australian National University

The ITER fusion reactor under construction in 2021.Jean-Marie Hosatte / Getty Images

Over the past five years, private-sector funding for fusion energy has exploded. The total invested is approaching US$10 billion (A$15 billion), from a combination of venture capital, deep-tech investors, energy corporations and sovereign governments.

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