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History & Milestones

Fusion Industry Association Founded (2018)

The formation of the Fusion Industry Association as the first trade body for private fusion companies — giving the emerging commercial fusion sector a unified voice in policy and public discourse.

Reviewed Last reviewed: 9 Aug 2026 · Category: History & Milestones

Formation

The Fusion Industry Association (FIA) was founded in 2018 by a coalition of private fusion companies seeking to create an industry voice distinct from the government-funded national laboratory programme. Andrew Holland became the first CEO. The FIA represented a recognition that fusion was no longer purely a government research endeavour but an emerging commercial industry with shared interests in regulation, funding, and public perception.[1]

Industry transformation: When the FIA was founded, there were roughly 25 private fusion companies. By 2024, membership had grown to over 40 companies across 12 countries, collectively raising over $7 billion in private investment — a transformation from government-dominated research to a vibrant private sector.

Key Activities

The FIA’s annual survey of the global fusion industry has become the definitive reference for tracking private fusion activity. The association played a key role in: advocating for fusion-specific regulation (contributing to the NRC’s 2023 decision); organising the private sector’s participation in the 2022 White House Fusion Summit; and promoting public understanding of fusion energy’s potential.[2]

Impact

The FIA helped establish fusion as a credible investment category and created a collaborative framework for companies that are competitors in technology but allies in policy. Its annual survey data is cited by policymakers, investors, and media worldwide.[3]

Sources

  1. Fusion Industry Association. "About FIA." fusionindustryassociation.org.
  2. Fusion Industry Association. "The Global Fusion Industry in 2024." FIA Annual Survey, 2024.
  3. Holland, A. "The emergence of the fusion industry." Journal of Fusion Energy, 40, 1, 2021.

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