Commercial fusion is a term used to refer to privately or publicly held companies which aim to sell products (e.g., isotopes) or services (e.g., electricity) produced by nuclear fusion. Reactor-scale nuclear fusion has exceeded scientific break-even, opening the way for commercial reactor development.
Several organizations of varied types track and document the growing fusion industry and regularly publish maintained, curated, updated international lists of companies which are working to develop and sell fusion reactors and related equipment and other technology.
| Organization, (location) |
Market focus |
Company count |
Latest update |
Update frequency |
|---|---|---|---|---|
| Dealroom.co (Amsterdam, Netherlands) |
Europe, fusion-related startups | 34 | 2026-09-16 | Intermittent, as needed |
| Energy Startups (United States) |
World | 48 | 2026-10-23 | Intermittent, as needed |
| Fusion Energy Base (New York City, New York) |
World | 73 | 2026 (no other date) |
Intermittent, as needed |
| Fusion Industry Association (Washington, D.C.) |
World | 55: 26 (archive) |
2026-07 | Yearly |
| FusionX Group (Oxfordshire, England) |
World | 90 | 2026 (no other date) |
Intermittent, as needed |
| Nature (London, England) |
World | 46 | 2026-08-26 | Intermittent, as needed |
| TechCrunch (San Francisco, California) |
World, $100+ million private equity investment | 17 | 2026-08-15 | Intermittent, as needed |
| Wikipedia (San Francisco, California) |
World | 77 (below) |
2026-10-28 | Intermittent, as needed |
As of 2026[update], the Fusion Industry Association reports that combined cumulative, aggregate, historic total investment in fusion technology has exceeded $14.2 billion.: 9
Companies pursue various different fusion methods and geometries for reactors. Some pursue one method, such as magnetic, inertial, or electrostatic confinement. Some pursue hybrid methods such as magneto–inertial or magneto–electrostatic confinement. More methods exist, many of which are listed in the table below. These varied methods can influence strongly many reactor and balance of plant considerations and systems.
| Company | Years active |
Method | Fuel | Country | Funding | References, notes |
|---|---|---|---|---|---|---|
| Acceleron Fusion (formerly NK Labs, LLC) |
2008–2022 (NK Labs) 2023–present (Acceleron) |
Muon-catalyzed | Deuterium–tritium | |||
| Alpha Ring | 2015–present | Electron-catalyzed | Proton–boron | $4.67M | ||
| American Fusion (merger: Renewal Fuels, Kepler Fusion) |
2007–2025 (Renewal) 1947–present (Kepler) |
Magnetic confinement: stellarator: torsatron: pulsed | Deuterium–helium-3 | Kepler is a subsidiary of American | ||
| Anubal Fusion | 2024–present | Inertial confinement: laser | Proton–boron | $500K | ||
| ASPL Fusion (Agnira Sanlayan Pvt. Ltd.) |
2025–present | Solid target: particle accelerator beam driven; Magnetic confinement: tandem mirror |
Proton–lithium; Deuterium–deuterium |
$2M | ||
| Astral Systems | 2021–present | Inertial-electrostatic: Lattice confinement | Deuterium–tritium, deuterium–deuterium |
$40M: 32 | : 32 Focus: producing radioisotopes, not energy | |
| Avalanche Energy | 2018–present | Magneto–electrostatic confinement: cusp, colliding beam | Deuterium–tritium | $105M | ||
| Blue Laser Fusion | 2022–present | Inertial confinement: optical enhancement cavity (OEC) laser | Proton–boron | $62.5M | ||
| Cambridge Heavy Industries | 2025–present | Inertial confinement: laser | Deuterium–deuterium | $6.2M | University spin-off: Massachusetts Institute of Technology | |
| China Fusion Energy Company (CFEC) |
2025–present | Magnetic confinement: tokamak | Deuterium–tritium | $2.1B | CFEC is a subsidiary of China National Nuclear Corporation (CNNC) | |
| Ciral Fusion | 2024–present | Inertial confinement: impact collider | Deuterium–tritium | |||
| Commonwealth Fusion Systems | 2018–present | Magnetic confinement: tokamak | Deuterium–tritium | $4B | University spin-off: Massachusetts Institute of Technology | |
| Cortex Fusion Systems | 2021–present | Inertial confinement: non-thermal, laser | Deuterium–tritium | $1.8M | ||
| Crossfield Fusion Ltd | 2019–present | Closed orbit, velocity resonant systems | Reactor development ended 2021 | |||
| CTFusion, Inc | 2015–2023 | Magnetic confinement: dynomak | Deuterium–tritium | University spin-off: University of Washington | ||
| Dante Fusion | 2025–present | Magnetic confinement: spherical tokamak | Deuterium–tritium | University spin-off: Technical University of Denmark | ||
| Deutelio | 2022–present | Magnetic confinement: levitated dipole | Deuterium–deuterium | $540K | ||
| Electric Fusion Systems, Inc. | 2020–present | Non-thermal: light element electric fusion (LEEF) via Rydberg matter | Proton–lithium-7 | |||
| EMC2 (Energy Matter Conversion Corporation) | 1985–present | Magneto-electrostatic confinement: polywell | Deuterium–tritium | |||
| Energy Singularity Energy Technology | 2021–present | Magnetic confinement: tokamak | Deuterium–tritium | |||
| ENN Energy | 2017–present | Magnetic confinement: spheromak | Proton–boron | $590M | ||
| EX-Fusion | 2021–present | Inertial confinement: laser | Deuterium–tritium | $38M: 46 | ||
| Firefly Fusion | 2023–present | Magnetic confinement: tokamak | Deuterium–tritium | $90K | DIII-D tokamak research partner | |
| First Light Fusion | 2011–present | Inertial confinement: impact | Deuterium–tritium | $156M | University spin-off: University of Oxford | |
| Focused Energy | 2021–present | Inertial confinement: laser | Deuterium–tritium | $500M | ||
| Fuse Energy Technologies Corporation | 2019–present | Magneto-inertial: magnetized liner | Deuterium–tritium | $20M | ||
| Fusion Power Corporation | 2016–2019 | Inertial confinement: heavy ion | Deuterium–tritium | |||
| Gauss Fusion | 2022–present | Magnetic confinement: stellarator | Deuterium–tritium | |||
| General Atomics Fusion Division | 2022–present | Magnetic confinement: tokamak | Deuterium–tritium | |||
| General Fusion | 2002–present | Magneto-inertial: magnetized target | Deuterium–tritium | $612M | ||
| GenF | 2024–present | Inertial confinement: laser | Deuterium–tritium | $10.8M: 55 | ||
| HB11 Energy | 2017–present | Inertial confinement: non-thermal, laser | Proton–boron | |||
| Helical Fusion | 2021–present | Magnetic confinement: stellarator | Deuterium–tritium | |||
| Helicity Space | 2018–present | Magneto-inertial: plasma jet collider-compressor | Deuterium–deuterium | For spaceflight | ||
| Helion Energy | 2013–present | Magneto-inertial: field-reversed configuration collider-compressor | Deuterium–deuterium | $3.2B | ||
| Horne Technologies | 2008– present |
Magneto–electrostatic confinement: cusp | Deuterium– deuterium, proton– boron |
|||
| Hylenr | 2018– present |
Lattice confinement: particle accelerator beam driven | Hydrogen | |||
| HyperJet Fusion | 2017– 2022 |
Magneto-inertial: plasmoid imploded by plasma jets | ||||
| Inertia Enterprises | 2025– present |
Inertial confinement: laser | Deuterium– tritium |
$500M | Research spin-off: Lawrence Livermore National Laboratory National Ignition Facility | |
| Infroton Fusion | 2024–present | Magneto-inertial: lasers, cavity pressure acceleration | Deuterium–deuterium | : 65 | ||
| KMS Fusion | 1969–1990 | Inertial confinement: laser | Deuterium– tritium |
Work moved to General Atomics | ||
| Kronos Fusion Energy | 2022–present | Magnetic confinement: spherical tokamak | Deuterium–tritium | |||
| Kyoto Fusioneering | 2019– present |
Magnetic confinement: reactor subsystems | Deuterium– tritium |
$191M | University spin-off: Kyoto University | |
| LaserFusionX | 2022– present |
Inertial confinement: krypton-fluoride laser | Deuterium– tritium |
$458K | Research spin-off: United States Naval Research Laboratory | |
| Liberty Fusion | 2025–present | Magneto-inertial: plasma jet-driven plasma liner | Deuterium–tritium | $0.625M | Research spin-off: Los Alamos National Laboratory | |
| Lockheed Martin | 2010– present |
Magnetic confinement: cusp | Deuterium– tritium |
|||
| Longview Fusion Energy Systems | 2021– present |
Inertial confinement: laser | Deuterium– tritium |
|||
| LPP Fusion, Inc. (Lawrenceville Plasma Physics) |
2003– present |
Magnetic confinement pinch: dense plasma focus | Proton– boron |
President, chief scientist: Eric J. Lerner | ||
| Magneto Inertial Fusion Technology Inc. (MIFTI) | 2008– present |
Magneto-inertial: z-pinch | Deuterium– tritium |
University spin-off: University of California, Irvine; Division: US Nuclear Corp | ||
| Marvel Fusion | 2019– present |
Inertial confinement: laser | Proton– boron |
$440M | ||
| Norrønt AS (formerly Ultrafusion Nuclear Power) |
2016–2017 (Ultrafusion) 2018– present (Norrønt) |
Muon-catalyzed | Deuterium– tritium |
Merged with Norrønt Fusion Energy | ||
| nT-Tao | 2019– present |
Magnetic confinement: stellarator | Deuterium– tritium |
$34M minimum | ||
| NearStar Fusion | 2021– present |
Magneto-inertial: magnetized target, impact | Deuterium– tritium, Deuterium– deuterium, proton– boron |
$2M | Corporate spin-off: HyperJet Fusion | |
| NovaFusion Energy Technology (NovaFusionX) |
2025– present |
Magnetic confinement: field-reversed configuration collider-compressor | Deuterium– tritium |
$171.9M | ||
| Novatron Fusion Group AB | 2019– present |
Magnetic confinement: mirror | Deuterium– tritium |
$28M | ||
| OpenStar Technologies | 2021– present |
Magnetic confinement: levitated dipole | Deuterium– deuterium (tritium suppressed) |
$29.4M | ||
| Pacific Fusion | 2023– present |
Inertial confinement: magnetized liner inertial fusion (MagLIF) | Deuterium– tritium |
$1B | Founding chief executive officer is Eric Lander | |
| Pranos Fusion Energy | 2024– present |
Magnetic confinement: tokamak | Deuterium– tritium |
$7.2M | Research spin-off: Institute for Plasma Research | |
| Princeton Fusion Systems (formerly Princeton Satellite Systems) |
1992–2017 (Satellite) 2018– present (Fusion) |
Magnetic confinement: field-reversed configuration | Deuterium– deuterium |
|||
| Proxima Fusion | 2023– present |
Magnetic confinement: quasi-isodynamic stellarator | Deuterium– tritium |
$740M (€641M) |
Research spin-off: Max Planck Institute for Plasma Physics | |
| Realta Fusion | 2022– present |
Magnetic confinement: tandem mirror | Deuterium– tritium |
$57.5M | University spin-off: University of Wisconsin–Madison | |
| Renaissance Fusion | 2021– present |
Magnetic confinement: stellarator | Deuterium– tritium |
|||
| Rosatom | 2007–present | Magnetic confinement: tokamak | Deuterium–tritium | $701M | ||
| Shine Technologies | 2005–2017 (Phoenix) 2010– present (Shine) |
Magneto-electrostatic confinement: particle accelerator | Deuterium– tritium |
Over $1B | Corporate spin-off: Phoenix Nuclear Labs, 2010; Focus: producing radioisotopes, not energy | |
| Smart Fusion Energy | 2026–present | Magnetic confinement: spherical tokamak | Deuterium–tritium | University spin-off: University of Seville | ||
| Startorus Fusion | 2021– present |
Magnetic confinement: spherical tokamak | Deuterium– tritium |
$138.9M: 97 | Research spin-off: Tsinghua University | |
| Stellarex, Inc | 2022– present |
Magnetic confinement: stellarator | Deuterium– tritium |
University spin-off: Princeton University | ||
| TAE Technologies (formerly Tri Alpha Energy) |
1998–2017 (Tri Alpha) 2017– present (TAE) |
Magnetic confinement: beam driven field-reversed configuration | Proton– boron |
$1.6B | University spin-off: University of California, Irvine | |
| Terra Fusion Energy | 2024– present |
Magnetic confinement: tandem mirror: centrifugal | Deuterium– tritium |
University spin-off: University of Maryland, Baltimore | ||
| Thea Energy (formerly Princeton Stellarators) |
2022– present |
Magnetic confinement: stellarator | Deuterium– tritium |
$130M | ||
| Tibbar Plasma Technologies | 2015– present |
Magneto-electrostatic confinement | Proton– boron |
$4.8M | ||
| Tokamak Energy | 2009– present |
Magnetic confinement: tokamak | Deuterium– tritium |
$336M | Research spin-off: Culham Centre for Fusion Energy | |
| Type One Energy Group | 2019– present |
Magnetic confinement: stellarator | Deuterium– tritium |
$469M | ||
| Xcimer Energy Inc. | 2022– present |
Inertial confinement: excimer laser | Deuterium– tritium |
$100M | ||
| Yan Fusion | 2025–present | Magnetic confinement: stellarator | Deuterium–tritium | $293M: 112 | : 112 | |
| Zap Energy | 2017– present |
Magnetic confinement: z-pinch | Deuterium– tritium |
$327M | University spin-off: University of Washington | |
| Zephyr Fusion | 2025–present | Magnetic confinement: levitated dipole | Deuterium–deuterium | $0.125M | Outer space-based reactors |
On 3/20/2024, Blue Laser Fusion raised $37.5 million in Seed funding from Itochu Corporation, JAFCO and SoftBank Group.
The company adopted a new approach to building fusion reactors based on patented technology (US8138692) called the Epicyclotron. The company was founded in 2019 and developed a working fusion device in 2021 based on this approach. In October 2021 the company determined through the experimentation work completed and detailed 'particle in cell' modelling of loss mechanisms that the reactor would not scale as initially anticipated (and therefore could not be developed to deliver a net gain fusion reactor). The company is currently exploring the use of this technology they developed in hydrogen isotope separation as part of the fusion fuel cycle.