Fusion News & Milestones

M&A · Lede

General Fusion completes $1B SPAC transaction, lists on NASDAQ

Canadian magnetized target fusion developer becomes second pure-play fusion company on a U.S. exchange.

VANCOUVER, BC — June 3, 2026 · 1 min read · Fusion Energy News Desk

Capital

TAE Technologies closes $250M Series G led by sovereign wealth investors

Foothill Ranch company brings cumulative private funding to roughly $1.45 billion ahead of Copernicus build.

FOOTHILL RANCH, CA — June 2, 2026 · 1 min read

Capital

Pacific Fusion raises $900M Series A on pulsed magnetic confinement bet

Stealth-mode startup unveils itself with one of the largest Series A rounds in fusion history.

FREMONT, CA — May 31, 2026 · 1 min read

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

The Supply Chain Chokehold: Global REBCO Tape Manufacturing Deficits

Editorial Board: the race to the grid will be won by whoever secures 5,000 km of pristine REBCO tape, not by the best digital twin.

EDITORIAL — May 5, 2026 · 2 min read

Capital

Avalanche Energy closes $40M for fusion micro-reactor demonstrator

Seattle micro-fusion company expands runway with Series B led by Founders Fund.

SEATTLE — May 27, 2026 · 1 min read

Industry

Fusion Industry Association reports 45 private developers, $8.9B cumulative

Annual FIA Global Fusion Industry report shows continued capital growth despite macro headwinds.

WASHINGTON, DC — May 28, 2026 · 1 min read

Science & Engineering

Milestone

Commonwealth Fusion Systems begins SPARC magnet assembly in Devens

Toroidal-field coil stacking under way at MIT spinout's Massachusetts campus, on track for late-2027 first plasma.

DEVENS, MA — June 3, 2026 · 1 min read

Hardware

Tokamak Energy validates 24 T REBCO magnet test at Milton Park

Demo magnet exceeds previous HTS field record by 4 T, with implications for compact spherical tokamaks.

MILTON PARK, UK — June 2, 2026 · 1 min read

Milestone

ITER first plasma timeline officially shifted to 2034 in IO board update

International Organization confirms long-anticipated slip in baseline schedule; cost estimate revised.

CADARACHE, FR — May 31, 2026 · 1 min read

Policy

DOE Milestone Program disburses $42M to 8 private fusion developers

Second tranche of cost-shared awards under the 2023 Milestone-Based Fusion Development Program.

WASHINGTON, DC — June 3, 2026 · 1 min read

Policy

NRC publishes final rule decoupling fusion from fission regulatory framework

U.S. nuclear regulator finalizes Part 53 amendments that treat fusion under a byproduct-materials regime.

ROCKVILLE, MD — May 30, 2026 · 1 min read

Policy

EU INFUSE programme opens €120M for public-private fusion partnerships

Horizon Europe instrument explicitly modeled on U.S. DOE INFUSE; first call closes September.

BRUSSELS — May 27, 2026 · 1 min read

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Citations & Sources

Academic & financial rigor

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