Crunchbase News characterizes fusion funding as having fizzled
Just $58 million has gone to companies innovating around the future of fusion as a potential power source, compared to more than $2.4 billion in the fourth quarter of 2021 alone.
With all of the interest in the Knoxville-Oak Ridge region around energy in general and nuclear specifically, we took notice of the headline in a recent Crunchbase News article. It read, “Fusion Funding Has Fizzled.”
Written by Joanna Glasner, the article noted that “funding to start-ups focused on fusion energy has declined sharply in recent quarters after hitting a high two-and-a-half years ago. So far this year, just $58 million has gone to companies innovating around the future of fusion as a potential power source, per Crunchbase data. By contrast, more than $2.4 billion went to the space in the fourth quarter of 2021, the peak period for funding.”
She continues with this observation: “Given the smallish number of fusion-related rounds, and the history of large financings, it’s not clear whether the recent lag in investments is just a temporary pause between big rounds or a sign of other investor concerns. The funding pullback may also be less about the technology’s potential than investors’ appetite lately for risky, high-cost, high-impact investments that aren’t AI-centric.”
You can find the article at this link.
Also be reminded that the East Tennessee Economic Council‘s sixth annual “Nuclear Opportunities Workshop” conference is set for July 30 and 31 at the Hilton Knoxville Airport.
Like what you've read?
Forward to a friend!