This week the Max Planck Institute for Plasma Physics won €6 million to develop 2-megawatt gyrotrons for Wendelstein 7-X, the U.S. Department of Energy selected 278 Genesis Mission projects including commercial fusion, Oak Ridge National Laboratory and Rutherford Energy Ventures launched FULCRA to build shared fusion testbed infrastructure, and the Fusion Industry Association reported a record $4.48 billion raised across 56 companies in a single year. In The Fusion Report’s coverage, Commonwealth Fusion Systems raised another $1 billion to reach $4 billion in total capital and hired former Moderna CFO Lorence Kim; Thea Energy won a $20 million ARPA-E SCALEUP award for the first domestic modular HTS magnet line as national labs turned quantum supercomputing on the FLiBe salt behind tritium breeding; Barclays backed the UK Infinity Fusion Consortium as Inertia published a ten-goal Phase 1 commercialization roadmap; and Pacific Fusion and Lawrence Livermore pushed the Sirius impedance-matched Marx generator past 3,000 shots.