Michael Heumann

Editor-in-Chief, The Fusion Report

China EAST Gets Set for Ignition in 2027

China EAST Gets Set for Ignition in 2027

China’s Experimental Advanced Superconducting Tokamak (EAST), the record-setting “Artificial Sun” in Hefei, is now scheduled to attempt fusion ignition in 2027, a milestone reached only once before, by Lawrence Livermore’s National Ignition Facility in 2022. If successful, EAST would be the first to achieve ignition in a steady-state magnetic confinement device, though Commonwealth Fusion Systems’ SPARC is racing toward the same goal on the same timeline. The Fusion Report breaks down what ignition actually requires (the Lawson Criteria of temperature, density, and confinement time) and assesses how close each machine really is. EAST leads on pathfinding plasma physics while SPARC targets Q > 1, but neither has yet crossed into a self-heating burning plasma. The bigger question: would a 2027 ignition milestone finally ignite broad investor interest across the fusion sector?

Putting Data Centers Into Space: Is That Really The Best Idea Elon Musk Has For SpaceX?

Putting Data Centers Into Space: Is That Really The Best Idea Elon Musk Has For SpaceX?

With SpaceX freshly public and its stock up 28% over the IPO price, talk of putting AI data centers in orbit is back in the headlines. The Fusion Report looks past the one obvious upside, nearly unlimited solar power in a sun-synchronous orbit, and tallies the costs that doom the idea: $160M to $280M per megawatt just to launch, two-year hardware refresh cycles, dense low-earth-orbit debris, space weather, and the near-impossibility of radiating away server heat in a vacuum. Against a ship-borne data center that fits in a shipping container and cools itself for a fraction of the price, orbital compute simply doesn’t pencil out. The verdict: outside of analyzing data that originates in space, orbital data centers are not a great idea.

Thea Energy Births a “Digital Twin” For its Planned Helios Fusion Power Plant

Thea Energy Births a “Digital Twin” For its Planned Helios Fusion Power Plant

Thea Energy has announced collaborations with NVIDIA, Synopsys, Argonne National Laboratory, and Princeton Plasma Physics Laboratory to develop a digital twin of its planned Helios stellarator fusion power plant. The effort will combine NVIDIA Omniverse libraries and AI infrastructure, Synopsys multiphysics simulation, ANL neutronics and blanket-design data, and PPPL high-fidelity plasma modeling codes into a single virtual model of the plant. The project aligns with the U.S. Department of Energy’s Genesis Mission to accelerate fusion development with AI, and Thea says the approach will build the Helios digital twin faster and with orders of magnitude less capital than traditional models. It will be the first digital twin of a stellarator fusion power plant, with Helios targeted for operation in the 2030s following the company’s Eos demonstration system.

Realta Fusion Hammir-DT

Realta Fusion’s Hammir-DT Hits Fusion Big-Time!

Realta Fusion has revealed Hammir-DT, a preconceptual design for an asymmetric tandem magnetic mirror fusion power plant targeting roughly 500 MW of fusion power and about 200 MWe of net electricity via direct energy conversion. In an interview with The Fusion Report, VP of R&D Derek Sutherland walked through the continuous (non-pulsed) design, the three enabling technologies behind its mirrors, and a roadmap that derisks the physics with D-D fusion before moving to D-T. Realta projects CapEx of $1B to $2B per plant and a levelized cost of electricity below $50/MWh. Having raised about $54 million to date, the company will need a substantially larger round to build its first plant.

Helion Raises $465 million in Latest Funding Round

Helion Raises $465 million in Latest Funding Round

Helion Energy closed a $465 million Series G led by Thrive Capital at a $15.5 billion post-money valuation, the largest fusion VC round of 2026. The raise brings Helion’s lifetime private funding to $1.5 billion and makes it the second most funded fusion company after Commonwealth Fusion Systems. The capital will expand U.S. manufacturing capacity and support deployment of Orion, the company’s first power plant, now under construction in Malaga, Washington.

Is ITER Even Relevant Anymore?

Is ITER Even Relevant Anymore?

The International Thermonuclear Experimental Reactor (ITER) is the largest and most expensive fusion machine ever built, with a projected cost of between $20B and $24B and final-stage completion now pushed out to 2039. Meanwhile, commercial machines like Commonwealth Fusion Systems’ ARC are expected to deliver 400 MW of electricity in the early 2030s at a fraction of ITER’s price. The Fusion Report traces ITER’s four decades of international cooperation and schedule slips, compares its progress against NIF’s ignition milestones and EAST’s long-pulse records, and weighs what ITER can still uniquely deliver. The verdict: ITER’s value may now rest on being an insurance policy, one that only pays off if commercial fusion slips.

Xcimer Energy Announces the Start of Operations for Its Phoenix Laser System Facility

Xcimer Energy Announces the Start of Operations for Its Phoenix Laser System Facility

Xcimer Energy has started operations at Phoenix, a krypton fluoride excimer laser system in Denver and the prototype for its commercial laser fusion architecture. Phoenix uses Stimulated Brillouin Scattering to compress a microsecond-long pulse into the nanosecond timescales fusion requires and runs on two beamlines rather than the 192 at the National Ignition Facility. Building it required Xcimer to rebuild large-scale excimer laser capabilities the United States had largely abandoned after the Cold War. The system is the proof of concept behind a roadmap that runs through Anvil and Vulcan toward Athena, a commercial fusion power plant targeted for the mid-2030s.

Pacific Fusion module prototype

Pacific Fusion Completes Second Technical Milestones Towards Affordable Inertial Confinement Fusion Power

Pacific Fusion has completed its second set of technical milestones, validating a scaled prototype of its pulser module that delivered roughly 440 GW of peak output power and about 1.1 MV peak voltage in 80 nanoseconds. The prototype represents about one-third of a full module, and its performance keeps the company on track for net facility gain by 2030. We break down what was demonstrated and what comes next for the best-funded IFE developer.

Is An All-Electric Ferrari a Good Idea?

Is An All-Electric Ferrari a Good Idea?

The new Ferrari Luce is a $640K, 1,035-hp, five-seater sedan that isn’t red, isn’t especially pretty, and isn’t even the fastest EV sedan on the market. So why does it matter? Because when Maranello commits to electrification, the rest of the supercar world has to take EV adoption seriously, and that has knock-on effects for every kilowatt-hour of electricity we’ll need to generate in the decade ahead.

Will Next-Generation Artificial Intelligence Robots be Powered by Fusion Energy?

Will Next-Generation Artificial Intelligence Robots be Powered by Fusion Energy?

Fusion and AI-powered robots have crossed paths in fiction since 1927’s Metropolis, with Iron Man’s Arc Reactor and the Terminator’s atomic batteries pushing the idea into popular culture. The Fusion Report looks at what it would actually take to drop a fusion device inside a robot. Avalanche Energy’s Orbitron, CFS SPARC, and Helion’s 19-meter machine all clear the power output bar. The size bar is a different story. Fusion can power the grid that powers the robots. A Terminator with a fusion machine in its chest is a longer wait.

Watch on demandFusion 2035, from the companies building itPast Forum speakersCommonwealth Fusion SystemsPacific FusionXcimer EnergyITERThea EnergyType One EnergynT-Tao, Inertia, Realta Fusion and moreNext forum: Thursday, February 11, 2027. Free to attend.Watch the replays