Fusion News & Milestones

Funding · Lede

Proxima Fusion: €130 Million Series A Raised For Energy Platform

Proxima Fusion, a spin-out from the Max Planck Institute for Plasma Physics, has secured €130 million in a Series A financing round to advance its quasi-isodynamic stellarator development.

Sep 20, 2026 · 2 min read · Proxima Fusion

M&A

Trump Media & Technology Group to Merge with TAE Technologies, a Premier Fusion Power Company, in All-Stock Transaction Valued at More Than $6 Billion

Trump Media & Technology Group and fusion developer TAE Technologies have announced a definitive merger agreement in an all-stock transaction valued in excess of $6 billion.

Sep 18, 2026 · 2 min read · TAE Technologies

Funding

Helion funding round grows to $500M amid uncertainty over fusion startup’s Microsoft timeline

Helion Energy secured an additional $35 million in a Series E extension, bringing the total round to over $500 million as it works toward a 2028 power purchase agreement deadline with Microsoft.

Sep 16, 2026 · 2 min read · Fusion funding

World

Korea

KSTAR sustains 100-million-degree plasma for 102 seconds in tungsten divertor campaign

Korean Institute of Fusion Energy extends ion-temperature record after divertor upgrade to full tungsten plasma-facing surface.

DAEJEON — June 2, 2026 · 1 min read

Japan

JT-60SA produces first deuterium plasma at Naka Fusion Institute

QST and EUROfusion joint device begins integrated D-phase operations after three-year commissioning campaign.

NAKA, IBARAKI — June 2, 2026 · 1 min read

Europe

ITER announces D-T operations slip to 2039 in revised baseline schedule

Cadarache project confirms revised schedule and €5B additional in-kind contributions; first plasma now scheduled for 2034.

SAINT-PAUL-LEZ-DURANCE — May 31, 2026 · 1 min read

Capital

Industry

A British-US consortium including Type One Energy, Tokamak Energy, and AECOM will build the UK’s first private-sector fusion power plant

A consortium of Type One Energy, Tokamak Energy, and AECOM has formed to construct the UK's first privately funded fusion power plant under the government's Fusion Industry Programme.

Sep 18, 2026 · 2 min read · Type One Energy

Industry

Proxima announces plan for German HTS production facility

Proxima Fusion and the State of Lower Saxony have signed an MoU to establish Europe's first large-scale production facility for fusion-grade high-temperature superconducting wire, aiming to secure the supply chain for advanced stellarators.

Sep 16, 2026 · 2 min read · Proxima Fusion

Industry

Nuclear Fusion’s Long Wait for Wall Street Is Finally Over

General Fusion has announced its intention to become the first publicly traded pure-play fusion energy company, signaling a new phase of capital formation for the commercial fusion sector.

Sep 16, 2026 · 2 min read · General Fusion

Science & Engineering

Milestone

Pacific Fusion’s latest prototype packs 440 gigawatts into an 80-nanosecond burst

Pacific Fusion has unveiled a prototype pulser module capable of delivering a 440-gigawatt, 80-nanosecond electrical burst, a key component for its planned magnetized target fusion demonstration plant.

Sep 20, 2026 · 2 min read · Pacific Fusion

Milestone

China unveils HL-4 tokamak as world’s first HTS steady-state burning fusion facility

China has revealed its HL-4 tokamak, a new high-temperature superconducting device designed to achieve steady-state burning plasma operation with a target current of 5 MA.

Sep 18, 2026 · 2 min read · Tokamak Energy

engineering

Kronos Fusion Energy Publishes REBCO Conductor Basis Behind Both Machines

The high-field magnet basis: 16.84 T centrepost, 26.49 T plug, one conductor basis shared across the breeder and burner (DOI 10.5281/zenodo.22645697).

Sep 19, 2026 · 2 min read · Kronos Fusion Energy

Policy

Livermore To Vote On Billion-Dollar Nuclear Fusion Research Facility

The Livermore City Council is set to vote on the approval of the Pacific Fusion Project, a proposed $1 billion commercial fusion energy research and development facility.

Sep 20, 2026 · 2 min read · Pacific Fusion

Policy

China sets out fusion progress, collaboration opportunities

China's national fusion strategy targets the construction of an experimental reactor by 2035 and commercial utilization by 2050, reinforcing its commitment to the global effort and participation in the ITER project.

Sep 18, 2026 · 2 min read · IAEA Fusion

Policy

Tennessee issues nation’s first license for commercial nuclear fusion

The state of Tennessee has issued the first U.S. license for a commercial nuclear fusion facility to Type One Energy, establishing a new state-level regulatory pathway intended to accelerate development.

Sep 18, 2026 · 2 min read · Type One Energy

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[01]
Fusion Industry Association — Annual Report
FIA · 2025
[02]
DOE Milestone-Based Fusion Development Program
U.S. Department of Energy