Official budget announcements from respective governments

China Outspends U.S. in Fusion Energy Race with $1.5 Billion Annual Investment

Jul 8, 2024, 01:12 PM

China is significantly outspending the U.S. in the high-tech race to achieve commercial fusion energy, a long-dreamed-of clean energy source that promises almost-limitless power. According to the Financial Times, China is investing around $1.5 billion annually in fusion, nearly double the U.S. government's budget for the same. Experts suggest that if China maintains its current pace of spending and development, it will surpass the U.S. and Europe in magnetic fusion capabilities within three to four years. This extraordinary investment in green energy is seen as a crucial step towards achieving climate stabilization and staving off planetary disaster.