Fusion power could be considered the quintessential venture capital bet: It’s expensive and risky, but the potential rewards are enormous. The world paid $10 trillion for energy last year, according to the International Energy Agency (IEA), so even a single-digit percentage of that pie would generate revenues in the tens of billions. Oh, and a commercially successful fusion power plant would change the world.
But that’s just part of the reason why investors have been diving deep into fusion power in the last few years. “There is more confidence than before [in] fusion machines getting not only to ‘scientific breakeven,’ which is getting more energy out of the fusion reaction than the energy that it takes to get to the fuel, but also getting enough excess energy to make for viable commercial powe …
