Big Oil Is Betting Billions On Nuclear Fusion
Baystreet·- Global private investment in nuclear fusion reached a record $4.48 billion in 2025, with major energy companies increasingly backing fusion startups and commercialization efforts. - Italian energy giant Eni S.p.A. plans to deploy a commercial fusion power plant in Europe by the early 2040s and is developing large-scale tritium fuel-cycle facilities to supply future fusion reactors. - Other major energy companies, including Equinor, Chevron, Shell, and Cenovus, have invested billions of dollars across various competing fusion technologies and startups targeting commercial power plants.