Company
MIT spinout developing magnetic-confinement fusion reactors, including its SPARC demonstration and planned ARC power plant.
DOE awarded $159 million to 12 Phase II Genesis Mission projects, bringing the Phase II total to 14. The awards go to project teams, and the report does not say what any cloud provider will be paid.
Reality
Type One Energy's CEO says its new $200 million Series B gets the company halfway to paying for a 400 MW fusion plant at TVA's Bull Run. Grid planners and large power buyers now have a named utility site and a 2034 target to track.
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Investors have put more than $6 billion into nuclear fission and fusion startups in 2026, a record by Crunchbase's count. The IPO market those investors would one day sell into has marked most recent nuclear listings far below their peaks.
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Hyundai Motor Group's money closed inside a $1 billion raise at Commonwealth Fusion Systems, and the engineering work on ARC power stations is still described as something the two companies will explore. The amount and the scope were not disclosed.
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The Finnish utility says a Google power contract is what lets it keep committing money to running two 1970-vintage reactors to 2050. Most of the capital behind that plan has not yet been approved.
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The Wisconsin utility put money into Realta Fusion and offered it somewhere to plug in, for a plant that would not run until the mid-2030s. That is a wager on how short of power the next decade gets.
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Google committed to 200 MW from Commonwealth Fusion's first plant and RWE put EUR 25m behind Proxima Fusion next to a shut-down reactor site, deals where the access mattered more than the valuation. Only one of them involves a signed purchase.
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Ground broke on August 25 on a $1 billion, 156-module pulsed machine aiming at net facility gain by 2030. The commercial gap is five times the output and 86,400 shots a day.
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