Government kickstarts £100m investment in fusion

The Government has announced backing to kickstart what could be a £100m investment in the development of nuclear fusion.

It has pledged £20m for ‘Starmaker One’, a private fusion investment fund that will help businesses and start-ups in the sector grow and commercialise at scale.

It is expected the upfront investment will unlock further investment from the private sector as the fusion industry grows.

Fusion uses the same process that powers the sun by combining two forms of hydrogen and heating them at extreme temperatures, releasing vast amounts of energy.

Energy Secretary Ed Miliband said: “Fusion has the potential to provide us with energy security, whilst attracting the best technologies to our shores and training up the next generation of British scientists and engineers.”