Agenda

1-1 meetings
Private bi-lateral conversations with investors, innovators and others

Discussions & networking
Two full days of discussions, debates, presentations and networking

Networking Day
A full day of informal networking comprising visits to a fusion relevant facility
Tuesday, 23rd February 2027
Fusion School
Please note: Registration for the Fusion School is separate from the main event. Enrollment is complimentary for qualified investors.
| 9:00 AM - 9:30 AM | Registration, Coffee & Networking
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| 9:30 AM - 9:40 AM | Welcome & Introduction
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| 9:40 AM - 10:20 AM | Fusion Energy Fundamentals Basics of Fusion Energy, Science, and Key Terminology Understand the physics of fusion. Distinguish fusion from fission and other energy sources. Master essential fusion terminology and concepts Key Topics:
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| 10:20 AM - 11:10 AM | Fusion Technology Deeper Dives: Magnetic Confinement Fusion: Tokamaks, Stellarators & Variants (1/3) Explore tokamak and stellarator magnetic-confinement systems, comparing fuel choices, stability challenges, and engineering trade-offs. Get a clear view of current TRLs, critical milestones, and realistic timelines from today’s machines to demo plants and early commercial deployment. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 11:10 AM - 11:40 AM | Coffee & Networking Break Connect with partners & other attendees. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 11:40 AM - 12:30 PM | Fusion Technology Deeper Dives: Inertial confinement fusion: Laser-driven, Target-based Systems (2/3) Dive into laser-driven inertial confinement fusion, examining target design, fuel-cycle economics, and the technical risks of high-energy systems. Understand the development pathway, major milestones ahead, and the commercial potential for scalable ICF approaches. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 12:30 PM - 1:40 PM | Networking Lunch Connect over lunch with faculty and fellow students. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 1:40 PM - 2:20 PM | Investor Considerations: What do investors want? Understand core investor concerns and drivers of conviction. Compare investment theses.
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| 2:20 PM - 3:00 PM | Fusion Supply Chain Opportunities Investment Across the Value Chain. Identify investable opportunities beyond reactor developers. Understand supply chain bottlenecks and scaling challenges. Core Challenges & Solutions:
Market Sizing:
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| 3:00 PM - 3:20 PM | Networking Break Enjoy coffee and connect with fellow attendees. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 3:20 PM - 4:10 PM | Fusion Investment Valuation Fusion Valuation Methodologies Identify appropriate valuation methods for fusion investments. Understand unique risk factors and discount rate considerations. Understand cash flows for different fusion business models. Benchmark valuations against comparable technologies. Valuation Challenges:
Valuation Methodologies:
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| 4:10 PM - 4:50 PM | Fusion Power Plant & Financing Fusion Plant Applications, Integration & Funding Identify applications for fusion power or heat. Understand challenges to financing fusion power plants. Fusion Energy Applications:
Implementation:
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| 4:50 PM - 5:20 PM | Regulation & Key Regulatory Risk Evolving Regulation & Risk Understand the current state of regulation and direction of change. Identify points of risk and their mitigation. Current:
Evolution & Risk:
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| 5:20 PM - 6:00 PM | Open Q&A Exploration of key themes with a panel of fusion innovators & investors
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| 6:00 PM - 11:00 PM | Fusion Networking Reception All participants are invited to network with the fusion ecosystem, over drinks & food. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Please note: Registration for the Fusion School is separate from the main event.
Wednesday, 24th February 2027
FusionX:Global - Day 1
| 8:00 AM - 9:00 AM | Registration, Coffee & Networking
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| 9:00 AM - 9:10 AM | Welcoming Remarks Welcoming remarks opening the fifth FusionX:Global conference, setting the stage for two days of global discussion on the path to commercial fusion energy in the host city of Munich | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 9:10 AM - 9:25 AM | Opening Address Opening address, setting the stage for two days of global discussion on the path to commercial fusion energy. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 9:25 AM - 10:30 AM | Building Value on the Path to Commercialisation A panel of senior figures from the world's leading fusion innovators and investors discuss the path to commercialisation, milestones, de-risking and value creation.
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| 10:30 AM - 11:20 AM | Funding: Building the Capital Stack from pre-Seed to Series A A panel of early-stage investors share their thoughts on fusion as an opportunity, their conviction, what it takes to get from concept to Series A, and what the capital stack looks like at each step
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| 11:20 AM - 11:50 AM | Coffee & Investor Networking Enjoy coffee, connect with fellow attendees, and explore exhibitor booths. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 11:50 AM - 12:30 PM | Building the Foundations of a Fusion Future As fusion moves from technical demonstration to commercial deployment, a robust commercial ecosystem becomes vital to provide the revenue and risk visibility needed to unlock financing. Drawing on Germany’s plans for integrated fusion hubs, and international experience, this discussion explores how policymakers, fusion companies, industry and customers can build reliable, scalable and economically viable systems for fusion.
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| 12:30 PM - 1:00 PM | Fireside Chat A discussion exploring joint experience and advances towards commercialisation, examining the path to delivering commercially viable fusion. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 1:00 PM - 2:15 PM | Networking Lunch Connect with peers over a buffet lunch. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2:15 PM - 2:45 PM | Keynote Interview: The State & Pace of Global Fusion A wide-ranging keynote conversation assessing the current state of global fusion: where the science stands, where capital is flowing, how commercialisation is advancing and what the next 24 months will determine and define. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2:40 PM - 3:20 PM | Scaling the Capital Stack from Series B to FOAK Capital intensity and first-of-a-kind (FOAK) risk make fusion power a financing challenge. The structure of capital, the allocation of risk across project participants, and the management of that risk throughout construction and commissioning will determine the timeline and cost of commercial deployment.
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| 3:20 PM - 3:40 PM | Coffee & Networking Refuel, recharge, and make new connections over coffee. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 3:40 PM - 4:10 PM | Supply-Chain/Critical Tech: Fuel Cycle A fireside chat exploring the technical challenges across the fuel cycle, from tritium breeding to waste management; how innovation de-risks investment opportunities. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 4:10 PM - 4:50 PM | Commercialisation: MCF A panel of fusion innovators & investors explore the path to commercialisation, the challenges, and their expectations, across tokamak and stellarator approaches.
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| 4:50 PM - 5:30 PM | Commercialisation: ICF A panel of fusion innovators & investors explore the path to commercialisation, the challenges, and their expectations, across laser-based ICF approaches.
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| 5:30 PM - 6:00 PM | In Conversation: Investment, Conviction & Fusion An interactive conversation exploring the evolution of conviction, the process in evaluating fusion investment opportunities, and what excites and worries investors looking forward.
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Wednesday, 24th February 2027
Workshop Sessions
Deeper-dive, targeted presentations + discussion sessions alongside the plenary discussions. An opportunity to engage with emerging innovators, and their power, enabling technology solutions.
| 2:30 PM - 3:20 PM | Workshop 1: Korea's Role in the Global Fusion Ecosystem South Korea has built one of the world's most advanced fusion research programmes, with KSTAR setting world records in plasma duration, and a powerful industrial base capable of accelerating global commercialisation. This workshop explores Korea's strategic role in the global fusion ecosystem in depth.
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| 3:20 PM - 3:40 PM | Coffee & Networking Refuel, recharge, and make new connections over coffee. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 3:40 PM - 4:30 PM | Workshop 2: VNS – the Near-Term Commercial Case Volumetric neutron sources offer a credible near-term pathway to revenue while advancing fusion development. By enabling materials testing, tritium breeding validation, and component qualification, they can remove key bottlenecks ahead of full reactor deployment.
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| 4:30 PM - 5:20 PM | Workshop 3: Exits, Returns & the Path to Liquidity As the fusion sector matures, investors and founders are beginning to think seriously about how value is ultimately realised. This session explores the full spectrum of exit and liquidity pathways available – from public markets to consolidation – and what each implies for strategy, governance, and capital structure.
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Thursday, 25th February 2027
FusionX:Global - Day 2
| 8:30 AM - 9:20 AM | Breakfast Briefing Session: Milestones & Technologies A series of 50-minute, hosted roundtables. Interactive Q&As, exploring stand-out developments in fusion, fusion technologies and fusion-derived innovation including:
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| 8:30 AM - 9:30 AM | Registration, Coffee & Networking
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| 9:30 AM | Welcoming Remarks | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 9:30 AM - 10:20 AM | International Fusion Development A free-form discussion among a group of public-sector leaders on fusion development strategies, the benefits of cross-border co-operation, and the synergies that exist between their programs.
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| 10:20 AM - 11:10 AM | Supply-Chain/Critical Tech: Superconductors A panel of manufacturers and users explore key questions, dual use and de-risking opportunities on the ongoing and evolving application of superconductivity, the development of high-field magnets, and the arc of costs and supply on the path to commercially-viable fusion. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 11:10 AM - 11:30 AM | Coffee & Investor Networking Enjoy coffee, connect with fellow attendees, and explore our exhibitor booths. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 11:30 AM - 12:00 PM | Supply-Chain/Critical Tech: Photonics & Lasers A panel of suppliers and innovators explore scaling, dual use and de-risking opportunities from single-shot science to an industrial supply chain including diode-pumped lasers, target fabrication, optics, coatings, components, and how to effect the shift from bespoke to industrial. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 12:00 PM - 12:30 PM | Fireside Chat: Site Selection & Development for Fusion Power Plants As fusion moves toward grid-scale deployment, site selection is becoming a strategic question for developers, utilities, governments and investors. Former coal and nuclear power plant sites may offer grid access, industrial land, existing infrastructure and experienced energy communities, but also raise questions around permitting, remediation, ownership, public acceptance and financing. This session explores what makes a site fusion-ready and how site development can reduce project risk, strengthen investor confidence and support the emerging capital stack for fusion.
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| 12:30 PM - 1:00 PM | Milestones, Risk Retirement & the Rocks on the Road Fusion's commercial promise is real and so is the progress being made. This interactive session is a candid, technically-grounded discussion of the unsolved problems, the milestones being achieved and the risks being retired. Designed to give investors and innovators an honest, balanced assessment of where the he fusion truly stands.
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| 1:00 PM - 2:00 PM | Networking Lunch Connect with peers over a buffet-lunch. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2:00 PM - 2:30 PM | Fireside Chat: Innovative Financing Models A discussion on pioneering new models to finance first-of-a-kind fusion systems, combining private, milestone-based capital with government-enabled financial tools. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2:30 PM - 3:20 PM | Fusion Technology: Alternative Pathways This panel examines alternative or hybrid fusion pathways beyond conventional magnetic- and inertial-confinement approaches exploring, for example, compact fusion system, and direct energy conversion. The discussion will focus on scientific plausibility, industrial relevance and the critical technologies these unconventional approaches could require. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 3:20 PM - 3:40 PM | Fireside Chat: Conviction, Capital & the Path Forward An open, candid conversation between a fusion innovator and one of their investors – exploring the reality of building a fusion company, the evolution of the investor-founder relationship, and what both sides believe it will take to reach commercial deployment.
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| 3:40 PM - 4:00 PM | Coffee & Investor Networking Refreshments and informal networking. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 4:00 PM - 4:40 PM | Grid-Scale Fusion in the Future Energy System As energy systems are increasingly shaped by renewables, storage, electrification and growing demand for firm clean power, this panel explores where fusion could fit in the future energy mix and what that means for grids, markets and investors. It takes a deep dive into partnerships with utilities: fusion’s potential role in meeting future demand can strengthen the investment case, while utilities can help address the financing and grid-integration challenges of long-term, capital-intensive projects.
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| 4:40 PM - 5:30 PM | Closing Panel: Industrialisation, Partnership & Security Fusion stakeholders explore the role of industrialisation, partnership, and collaboration and its significance economically and strategically globally.
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Thursday, 25th February 2027
Shark-Dragon-Löwen Tank-Den-Höhle
Two sets of presentations followed by interaction with a panel of leading investors exploring pre Series A opportunities in fusion power, non-power applications and the supply-chain.
| 11:20 AM - 12:50 PM | Session: Opportunities in Fusion Innovation: Supply Chain Three short presentations by companies seeking to commercialise fusion-enabling technologies and critical supply-chain components at the pre-Seed, Seed or Series A funding stage, followed by an interactive Q&A.
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| 1:00 PM - 2:00 PM | Networking Lunch Connect with peers over a buffet-lunch. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2:10 PM - 3:40 PM | Opportunities in Fusion Innovation: Power & Non-Power Applications Three short presentations by companies seeking to build a fusion machine or commercialize non-power fusion applications at the pre-Seed, Seed or Series A funding stage, followed by an interactive Q&A.
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| 3:40 PM - 4:00 PM | Coffee & Investor Networking Refreshments and informal networking. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Friday, 26th February 2027
Networking Day
Join us for a dynamic Networking Day designed to connect you with industry leaders, innovative companies, and the local culture.
Please note that places are limited and FusionX:Members have priority.
More detailed information about site visits and the full programme will be published in the coming weeks.
| 9:00 AM | Group Meet-Up & Departure | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 9:30 AM - 1:00 PM | Site Visits | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 1:00 PM - 2:00 PM | Lunch at local restaurant Connect with fellow participants, and exchange ideas over great local food. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
"FusionX has been transformative. It brings together people who need to be in the same room together to bring the reality of fusion, its challenges and its solutions to the fore"

