Fusion Energy

Recent developments in fusion energy have intensified interest among policymakers, scientists, investors and the public. In November 2024, government ministers and senior officials from numerous countries gathered in Rome for the inaugural ministerial meeting of the World Fusion Energy Group (WFEG), showcasing global advancements in developing fusion as a clean, safe and limitless energy source.

During the WFEG meeting, co-organized by the Agency and Italy, participants emphasized that international collaboration, including in building supply chains and developing a specialized workforce, is essential in order to transition from research to commercialization. The Group focused on three core topics: the status of fusion energy, global collaboration and public-private partnerships, and exploring new business opportunities. This event highlighted how recent breakthroughs have generated momentum in the fusion sector, improving the near term feasibility of fusion power plant deployment.

In 2024, the Agency signed a memorandum of understanding with the ITER Organization and established Practical Arrangements with the Fusion Industry Association. Both agreements aim to enhance collaboration in fusion energy, focusing on outreach, public engagement, knowledge sharing, training and other key areas.

Two publications were issued at the WFEG meeting. The IAEA World Fusion Outlook 2024 offers an overview of the fusion field, detailing emerging plant concepts, development timelines, policy frameworks and investment trends. Fusion Key Elements outlines a strategic approach to the commercialization of fusion energy, focusing on research, development and demonstration; industrialization; safety, security and non-proliferation; global collaboration; stakeholders; and public engagement.