With $10T on the line, 6 fusion investors explain why they’re all in

With $10T on the line, 6 fusion investors explain why they’re all in

11 months ago
Anonymous $dkjhICK8vw

https://techcrunch.com/2023/06/21/fusion-investors-survey/

Fusion power could be considered the quintessential venture capital bet: It’s expensive and risky, but the potential rewards are enormous. The world paid $10 trillion for energy last year, according to the IEA, so even a single-digit percentage of that pie would generate revenues in the tens of billions. Oh, and a commercially successful fusion power plant would change the world.

But that’s just part of the reason why investors have been diving deep into fusion power in the last few years. “There is more confidence than before fusion machines getting not only to ‘scientific breakeven,’ which is getting more energy out of the fusion reaction than the energy that it takes to get to the fuel, but also getting enough excess energy to make for viable commercial power plants,” Phil Larochelle, partner at Breakthrough Energy Ventures, told TechCrunch+.