Fusion Future – Fusion Energy Backing
As climate change continues to become a greater problem, people are racing to find solutions to preserve the Earth for future generations. Progress has been made to shift to renewables, with electric vehicles gaining steam in the automotive industry while methods like hydropower and wind energy become more popular. However, there are further ambitions that many are exploring, with one of them being dubbed as “sci-fi” as artificial intelligence.
This energy innovation is nuclear fusion energy, which involves harnessing the process that powers the sun and turning it into energy. Like artificial intelligence, many believed that we were far away from such an innovation but now it seems closer than initially thought. Just recently, scientists achieved what’s known as “net gain,” achieving more energy in a reaction than was put in with lasers, which is a major breakthrough for energy innovation. When a nuclear fusion reaction occurs, it can produce an absurd amount of energy and zero carbon emissions, and these benefits are exactly what billionaires are chasing. A list that includes Marc Benioff, Jeff Bezos, Bill Gates, and Sam Altman are all invested in nuclear fusion startups like Helion Energy, and more than $5 billion has been raised privately in the industry according to The Fusion Industry Association. The ambitious goal for these companies is to create fusion energy sources the size of a toaster oven, but energy isn’t the only area where nuclear fusion could help, a key reason investment has been flooding in during the last two years. The parallels between the technology and AI can’t be ignored either, with many startups utilizing ChatGPT to maximize efficiency and Sam Altman’s links to the industry. The public sector is also working with fusion energy as the Department of Defense continues to do its scientific research, showing the potential this has and what it could mean for the future.
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I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.