The top 3, by funding. These all have more than a billion dollars.
Commonwealth Fusion Systems. The MIT people. This is a tokamak with better magnets. The magnet insight is that if you put a superconductor and a regular conductor in parallel, all the current flows through the superconductor. So you can plate a superconducting material on stainless steel tape, using stainless steel as an insulator. Winding a magnet out of stainless steel tape works fine. They demoed that back in 2021. But no fusion yet. Well funded, big operation, around 1000 people.
Helion Energy. This is a strange magneto-inertial fusion system. It's vaguely like a free-piston internal combustion engine generator, except that the piston is a plasma. After seven rounds of increasingly large prototypes, they can get D-T fusion, but it's not self-sustaining, nor do they get power out. Prototypes have thus far underperformed claims. Around 500 people.
TAE. Recently merged with Trump Media. Really.
There are quite a few others. Many are working on some kind of pulsed fusion, like the Livermore National Ignition Facility. This is known to create fusion, but is hard to turn into a useful power source. They can get to a non-useful fusion demo by pumping a lot of energy into a small space, so it looks like progress.
On the continuous fusion front, several startups are trying to revive 1950s Stellarator technology. For a few years back then, fusion energy looked close.
Anyone have expertise in this area? Are any of these going to work? Or is the product the stock?