https://www.growthbusiness.co.uk/more-invested-in-nuclear-fusion-in-last-12-months-than-past-decade-2560528/ menu Growth Business * Login * SEARCH * facebook * twitter * linkedin * RSS Growth Business * twitter * facebook * linkedin * RSS * Login * SEARCH [ ] * Funding + Banking + Venture Capital Funding + Private Equity + Alternative Finance * Managing + Financial Management + Human Resources + Leadership + PR & Marketing + Social Media + Legislation and Regulation + Technology + Cyber Security + Insurance * Expansion + Company Flotations + Exit Strategies + Mergers & acquisitions + Growth Planning * Entrepreneurs * News * Opinion * Reports * Venturers Club + Members + Sponsors + Content * Jobs * Subscribe Search for: [ ] [Search] Home >> News More invested in nuclear fusion in last 12 months than past decade 14 Jul 2022 The clean energy solution has attracted PS2.5bn in investment globally over the past year * * * * * COMMENT Nuclear fusion Big bang moment: Nuclear fusion produces clean energy by fusing together atomic nuclei. It is the reaction which powers the Sun and fuels life on Earth [Dom-Walbanke-150x] Dom Walbanke * More has been invested in nuclear fusion in the last 12 months than over the past decade, according to new industry figures. The clean energy solution has attracted about $2.8bn (PS2.5bn) in investment globally over the past year, compared with $1.9bn (PS1.6bn) in total over the past decade. The solution produces clean energy by fusing together atomic nuclei. It is the reaction which powers the Sun and in turn fuels life on Earth. However, replicating the reaction for energy has so far proved difficult for scientists, requiring more energy to trigger the reaction than it can currently generate. Nevertheless, the energy solution is favoured by the government, and there are plans in place for the first prototype fusion power plant in the UK to support rapid commercialisation, with five places in the running to host it. There was also a breakthrough in late 2021, when researchers at the Joint European Torus (JET) facility in Oxford managed to release a record-breaking 59 megajoules of fusion - almost tripling the previous 21.7 megajoule record from 1997. Nuclear fusion is also safer than traditional fission nuclear power, which splits nuclei rather than fuses them to produce energy. Unlike fission nuclear, with fusion there is no risk of radioactive waste and reactor materials can be recycled within 100 to 300 years. Investment in fusion is still overshadowed by mainstream energy sources, but according to the Fusion Energy Association, eight new UK companies have entered the fusion space in the last 12 months. Andrew Holland, chief executive of the trade group, said: "This funding will allow fusion companies to push toward their 'Kitty Hawk moment' in the coming years. From there, companies will rapidly build the pilot plants that will prove fusion energy is ready for the marketplace. "If we make the required investments now, fusion energy should provide the basis for prosperity, safety, and security." More on clean energy Climate VC to invest PS35m in overlooked climate tech start-ups * * * * Related Topics * Clean energy * Fusion Energy Association * Nuclear fusion * Science Previous Post Next Post * Helping you grow your business is our number one priority, if you would like to take your business to the next step just sign up! sign up now * * * Recent Articles + Deals of the Week July 18 to July 22 - a Growth Business round-up 22 Jul 2022 + A guide to the Silicon Fen tech sector 20 Jul 2022 + University of Oxford spinout investor raises PS250m 18 Jul 2022 + Deals of the Week July 11 to July 15 - a Growth Business round-up 15 Jul 2022 + Five ways to boost SMB cyber defence so you can focus on growth 14 Jul 2022 * The Bonhill Network * Bonhill Group plc * Information Age * InvestmentNews * What Investment * Small Business * Growth Business * Tax Guide * DiversityQ Further Information * Terms & Conditions * Privacy Policy * Cookies Policy * About GrowthBusiness * About Bonhill Group plc * Contact us Bonhill Group plc, 29 Clerkenwell Road, London EC1M 5RN T. 020 7638 6378 (c)2022 Bonhill Group plc (c)2022 Bonhill Group Plc Further Information [+] Part of the Bonhill Group. [MicrosoftT]