Fuel-cycle technologies offer a pathway to earlier revenue and diversified exposure within fusion but their viability is tightly linked to upstream constraints such as lithium refinement. A panel explores how specialist providers solve these bottlenecks and build scalable, investable businesses.

• What fuel-cycle challenges - across tritium breeding, extraction, and handling - create opportunities for specialist providers?
• How do constraints in lithium supply, enrichment, and refinement shape the scalability and economics of tritium breeding systems?
• What milestones are being achieved toward viable tritium breeding and recovery and what scale of market opportunity do they unlock?
• How are academic and industrial collaborations accelerating solutions to fuel-cycle bottlenecks and translating them into commercial pathways?

Participants include: