13 Best Fusion Power Startups to Watch in 2025

The Definitive Seedtable Ranking of Fusion Power Startups

We track 71,000+ companies and rank them dynamically using our Seedtable Score – a score that uses quantitative and qualitative data points to signal the momentum behind a company. We then monitor the list manually leveraging our expertise as founders and investors.

There are 13 start-ups with an aggregate funding of $4.7b. The average funding per company in this subset is $363.0m.

Last update to the database: Feb 18, 2025. See changelog.

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Helion Energy logo

Helion Energy

Helion Energy is a fusion power company aiming to build the world's first fusion power plant.

6

Funding Rounds

$577.8m

Money raised

Commonwealth Fusion Systems logo

Commonwealth Fusion Systems

Commonwealth Fusion Systems is a Cambridge, Massachusetts-based research and development company developing fusion power systems based on ARC tokamak reactors.

5

Funding Rounds

$2.1b

Money raised

Avalanche Energy Designs logo

Avalanche Energy Designs

Avalanche Energy Designs is an American start-up company designing, testing, and building micro-fusion reactors.

2

Funding Rounds

$5.0m

Money raised

First Light Fusion logo

First Light Fusion

First Light Fusion is a clean energy producer founded in 2011 by Nicholas Hawker.

7

Funding Rounds

$185.0m

Money raised

Tokamak Energy logo

Tokamak Energy

Tokamak Energy is a fusion energy producer founded in 2009 by Alan Sykes, David Kingham and Mikhail Gryaznevich.

7

Funding Rounds

$172.1m

Money raised

Renaissance Fusion logo

Renaissance Fusion

Nuclear fusion start-up in Europe researching high-temperature superconductors to simplify the construction of Stellarator devices as well as other applications in medical imaging.

1

Funding Rounds

$16.0m

Money raised

Zap Energy logo

Zap Energy

Zap Energy is developing compact fusion power that doesn't require magnets or lasers.

7

Funding Rounds

$332.8m

Money raised

HelicitySpace logo

HelicitySpace

HelicitySpace is a fusion propulsion and power company, developing technology for spacecraft.

1

Funding Rounds

$150.0k

Money raised

Marvel Fusion logo

Marvel Fusion

A company developing its own petawatt class and high energy laser system coupled with a sophisticated target physics infrastructure exclusively dedicated to commercial "neutron-lean" fusion energy.

2

Funding Rounds

$39.0m

Money raised

Horne Technologies logo

Horne Technologies

Company that has developed and operates the world's first continuous-operation enabled, superconducting, high-beta style fusion research device.

1

Funding Rounds

$3.1m

Money raised

Fusion Energy Solutions logo

Fusion Energy Solutions

A nuclear fusion research company based in Tempe, Arizona.

1

Funding Rounds

$3.0m

Money raised

TAE Technologies, Inc. logo

TAE Technologies, Inc.

TAE Technologies, Inc., formerly known as Tri Alpha Energy, is a California-based renewable energy company focused on developing commercial fusion energy.

11

Funding Rounds

$1.2b

Money raised

1

Funding Rounds

$15.0m

Money raised