U.K. to offer fusion energy industry $3.3 billion funding boost over next five years
More than £2.5bn of investment into fusion energy over the next five years has been announced as part of the British government’s Spending Review. It said the money would “cement” Oxfordshire’s role as a “world-leading hub” for the technology, while funds would also be invested into plans to build a fusion power plant in Nottinghamshire. Nuclear fusion is the same energy process that powers the stars, which scientists say has the potential of virtually unlimited supplies of low-carbon, low-radiation energy and is often called the “holy grail” of clean energy.