Nuclear fusion conference spotlights Singapore as potential hub for spinoffs, supply chain
Investors are also warming up to the technology as startups demonstrate near-term revenue potential, but many remain cautious
Singapore is emerging as a potential hub for nuclear fusion spin-offs and supply chain development, according to industry experts at the FusionX:APAC conference. Nicolas Burkardt, CFO of German startup Marvel Fusion, emphasized the city-state's ability to provide precision engineering and advanced manufacturing capabilities required for fusion companies.
Minister for Energy, Trade and Industry Tan See Leng also highlighted Singapore's contribution of talent and expertise to fusion companies. The technology, which involves fusing hydrogen at extreme heat to release energy, is not yet commercially viable, but startups are demonstrating near-term revenue potential. Industry panellists noted that the fusion process involves various commercial applications, such as advanced lasers, isotopes for medical use, and military technologies.
Investors are showing increased interest in spin-off innovations from fusion companies due to their near-term revenue potential, despite the long timeline for achieving fusion power. Some investors are warming up to make bets in this risky sector, as the growing market for secondary sales of shares in fusion startups offers a potential liquidity within five to 10 years.
However, not all investors have made the leap, as many are still focusing on more profitable areas like artificial intelligence and semiconductors. Despite the nascent stage of nuclear fusion, interest in the technology is growing as energy-hungry Asian economies, including Singapore, are exploring nuclear power options.
Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
