The fusion industry raised $2.64bn (€2.25bn) in private and public funding in the 12 months leading to July 2025, according to the annual Global Fusion Industry Report by the Fusion Industry Association (FIA).
The figure represents a significant increase from 2024 and is the second highest yearly fusion funding figure since the report began, after a record year in 2022, the FIA said.
Total funding for the 53 fusion companies covered in the latest report stands at $9.7bn, a five-fold increase since 2021.