What It Really Takes to Finance Fusion: The 2025 Commercial Reality Check

Fusion is moving from a physics breakthrough to a finance-driven industry. FOAK plants demand de-risking through smarter capital stacks, regulatory clarity, liability protections, and diversified revenue. This piece outlines the strategic policy, financial, and market levers required to make fusion commercially bankable. It highlights the financial realities shaping the path from FOAK to scalable fusion power.