U.S. to Unveil Global Nuclear Fusion Strategy at COP28

John Kerry's announcement comes amid significant advancements and challenges in the quest for commercial fusion power.

U.S. Special Envoy on Climate Change John Kerry is set to announce the first global strategy for commercializing nuclear fusion power at the COP28 summit in Dubai.
Kerry will make the announcement during a tour of the Commonwealth Fusion Systems facility near Boston, alongside Claudio Descalzi, the CEO of Italian energy giant Eni, which is pursuing four fusion power pilot projects.
Last year, scientists at the Department of Energy’s National Ignition Facility in California achieved 'net energy gain' from fusion for the first time, a major breakthrough demonstrating that fusion ignition is attainable in a controlled environment.
Despite the breakthrough, significant hurdles remain for commercial fusion power, including the need for continuous fusion ignitions per minute and the ability to generate greater than 100% of the energy of the ignition reaction.
In 2023, international fusion companies have garnered about $1.4 billion in investments, down from about $2.83 billion in new investment last year, but the number of companies receiving investments rose to 43 from 33, spanning a dozen countries.