FEI Monthly Roundup - December 2025
FEI Monthly Roundup - December 2025
Jan 09, 2026
Welcome to our round-up of what’s been happening in fusion and within Fusion Energy Insights over the past month.
3 Top Fusion News Stories
Trump Media and TAE Technologies Merge to Create the World's First Public Fusion Company
Trump Media has announced a merger with US fusion company TAE Technologies in a deal valued at more than $6bn. Shareholders of each company will own roughly 50% of the combined entity following the transaction, which is expected to close in mid-2026. The new group will house businesses including Truth Social, TAE Power Solutions and TAE Life Sciences, with Trump Media CEO Devin Nunes and TAE CEO Michl Binderbauer set to serve as co-CEOs. The companies said they plan to site and begin construction of a utility-scale fusion power plant after the deal closes, citing rising electricity demand from AI data centres as a key driver.
Japan's Helical Fusion Signs Japan's First Fusion Power Purchase Agreement and Secures $5.5mn Series A Extension
Helical Fusion has signed Japan's first power purchase agreement in fusion, agreeing to supply electricity in the 2030s to supermarket chain Aoki Super, which is also an investor. CEO Takaya Taguchi described the deal as critical in establishing that fusion does have potential end users, which will boost engagement in the sector overall.
TAE Partners with UKAEA Team to Establish Neutral Beam Company
TAE Technologies and the UK Atomic Energy Authority (UKAEA) launched TAE Beam UK, a joint venture to design, develop and manufacture neutral beam systems at UKAEA's Culham Campus. UKAEA plans a $7.4m (£5.6m) equity investment. The venture targets first short-pulse beams in 18–24 months, subject to regulatory approvals.
FEI Premium subscribers can read our insights on all these stories in our FEI Premium space on our Circle community platform, along with all back-issues of our weekly newsletters. Sign up to our newsletter for free to get them for yourself week to week.
Private Fusion Pulls Ahead in Digital Twin Development
This was our industry analysis “Graph of the Month” piece this time.
Every month, our industry experts at Fusion Advisory Services pick an interesting graph from the work that has been going on at FAS—something that gives some insight into significant trends, commercialisation considerations or fusion industry development.
This month, we analysed the impact of digital twin development on the fusion industry and discussed why more private fusion companies are developing digital twin projects than public institutions.
This matters because the developers who integrate digital twins most effectively into design and operations are likely to move fastest towards a first deployable power plant.
FEI Premium subscribers can read the full article.
Fusion Energy Insights Quarterly
We released our December 2025 issue of the Fusion Energy Insights Quarterly magazine to our FEI Premium subscribers.
The Fusion Energy Insights Quarterly provides a thorough and evolving overview of the industry. It is compiled with contributions from industry experts around the world, efficiently bringing together the progress of the past quarter into an easy reference point and giving insights and perspectives from fusion developers, suppliers, finance, law and others around the industry.
This issue features:
- News Update
- Global Update
- United States
- Canada
- UK
- Japan
- China
- Korea
- India
- Legal & Policy Update: Regulation
- Investment Update
- Science Update
- Inside View with Nuvia
- 5 Questions With… Alpha Ring International – an interview with Charles Gary, CEO of Alpha Ring US
- Focus On: India
- FEI News & Events
- New Industry Players
- Upcoming External Events
In this issue’s 5 Questions with… Alpha Ring International, Charles Gary shares details about Alpha Ring’s micro-fusion approach, their educational devices and their commercialisation plans.
In the Inside View feature… David Price, Director of New Build for NUVIA, discusses NUVIA’s role as an enabler of fusion’s success, and lays out their mission to engage key stakeholders outside of the fusion industry to build upon the “societal opportunity” that fusion offers.
Thank you to our expert contributors:
Dr. Axel Meisen, Fusion Energy Council Canada
Dr Michael Zdanowski, Fusion Industry Taskforce
Jack Moore, Fusion Analyst
Dr Nitendra Singh, IYNS India
Kohei Yamamoto, Kyoto Fusioneering
Jinwu Kim, Enable Fusion
Sara Valentina Hock, Fusion Advisory Services
Sidney L. Fowler Pillsbury Winthrop Shaw Pittman LLP (Washington, DC)
Jeffery S. Merrifield, Pillsbury Winthrop Shaw Pittman LLP (Washington, DC)
Victoria Judd, Pillsbury Winthrop Shaw Pittman LLP (London)
Clarence Tolliver, Pillsbury Winthrop Shaw Pittman LLP (Washington, DC)
Stuart Allen and Matthew Perks, FusionX Group
Dr. Cyd Cowley, Fusion Consultant at digiLab
Dr Simon Woodruff, Fusion Advisory Services
Zihan Lin, PhD Student in Materials, MIT
Become an FEI Premium subscriber to get access to the Fusion Energy Insights Quarterly, Graph of the Month, Q&A and technical discovery online events, special reports, past newsletter insights and a growing community of fusion-focused individuals.
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Past Online Events
4th December 2025: The Role of EPCs in Fusion Commercialisation (A Technical Discovery Session)
This event featured speakers:
- Lee Patrick, Fusion Energy Market Lead, from Atkins, an EPC
- Lisa Davies , Project Director & Engineering Manager, from Fluor, an EPC
- Ulrich Siegel, Vice president of Business Development, from Focused Energy, a private fusion company
Read our 3 Key Insights from the session. The full replay is available to FEI Premium subscribers.
Looking Forward
4th February 2025: Spark Session featuring Scott Hsu, Fusion Partner at Lowercarbon Capital
Spark Sessions are informal conversations with fusion industry leaders to provide an informative and inspiring perspective. We hold 3-4 spark sessions throughout the year with selected speakers.