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
The FusionX:APAC conference in Singapore highlighted the city-state's potential to become a hub for nuclear fusion technology, with industry experts suggesting startups can spin off and commercialize related innovations. Nicolas Burkardt, CFO of German startup Marvel Fusion, emphasized Singapore's precision engineering and advanced manufacturing capabilities needed for fusion companies, echoing Minister for Energy, Trade and Industry Tan See Leng's earlier statements.
Fellow panellist Neil Fong noted that while fusion is not yet commercially viable, its associated technologies have near-term revenue potential. Saemin Ahn predicted that navigating geopolitical sensitivities could benefit the consulting sector, while Burda Principal Investments' Neil Fong noted that investors are warming up to the sector despite its risks.
However, some investors remain cautious, such as Vietnam-based Earth VC's Duc Pham, who has only invested in fission players. Vickers Venture Partners' Vadim Shpak stated that the firm has invested in a laser technology company but not in a fusion reactor, as investors seek "the easiest and fastest way to make money." Despite the cautious approach, interest in fusion grows as Asian economies explore nuclear power, with India's nuclear sector opening to private sector investment recently.
Written by urgent.news from The Business Times - Singapore's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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