Agenda

Discussions & networking

Two full days of discussions, debates, presentations and networking in Munich

Networking Day

A full day of informal networking comprising visits to a fusion relevant facility

1-1 meetings

Private bi-lateral conversations with investors, innovators and others

Wednesday, 25th February 2026  

8:00 AM - 9:00 AM
Registration, Coffee & Networking

Conference check-in and badge collection, with an opportunity to meet fellow attendees and begin networking before the formal program commences.

9:00 AM - 9:10 AM
Welcoming Remarks

A senior member of the Bavarian government will provide the opening remarks, welcoming the global fusion ecosystem.

9:10 AM - 9:30 AM
Keynote Interview

A keynote interview exploring Germany's role in fusion across Europe and internationally, discussing the German Federal Government's approach to advancing science, engineering and commercialisation through strategic international partnerships and knowledge exchange.

9:30 AM - 10:20 AM
Building Value on the Path to Commercialisation

A panel of senior figures from the world's leading fusion entities discuss challenges and opportunities on the path to commercialisation, milestones, de-risking and value creation.

  • What key challenges remain to achieving private-sector break-even and how close are they to being resolved?
  • What technical advancements in blankets, plasma heating, lasers, controls etc are imminent, and what are the implications for costs and commercialisation?
  • How can European engineering expertise and partnership accelerate and de-risk the path to commercialisation?

Moderated by: Guinevere Shaw, Senior Technical Analyst, Rutherford Energy Ventures

10:20 AM - 11:10 AM
Fusion & Deep-tech Investment

A panel of leading investors in fusion share their thoughts on fusion as an opportunity, how fusion sits in a broader portfolio .

  • What are expectations & how has fusion performed vs. expectations thus far?
  • Can fusion enhance short- and long-term returns? Does it reduce risk/bring diversification to a portfolio? What's an ideal weighting towards fusion?
  • Few and large investments in scientifically mature approaches or several smaller early-stage investments in novel approaches?
  • How can technical analysis/diligence be effected efficiently

Moderated by: Stuart Allen, CEO & Co-Founder, FusionX

11:40 AM - 12:10 PM
Fireside Chat: Partnerships

A moderated discussion with a senior executive from a leading fusion company & their strategic partner, exploring their joint experience and CFS’s advance towards commercialisation.

12:10 PM - 1:00 PM
Commercialisation: Laser Inertial Confinement

A panel of fusion innovators explore the path to commercialisation, the challenges, and their expectations, across laser-based ICF approaches.

  • What challenges remain to surpass break-even in private-sector laser ICF?
  • What are the drivers of valuation, the key risks and milestones?
  • How are advances in laser optics, power electronics, and target fabrication de-risking laser-based fusion approaches?
  • What new technologies and cost pathways – for lasers and for targets – are needed to make ICF fusion commercially viable, and how close are they?

Moderated by: Antonia Schmalz, Innovations Manager, SPRIND & CEO, Pulsed Light Technologies

1:00 PM - 2:00 PM
Networking Lunch

Connect with peers over a buffet-style lunch.

2:00 PM - 2:40 PM
In Conversation: Investment, Conviction & Fusion

An interactive conversation with two leading fusion investors to explore the evolution of their conviction, their process in evaluating fusion investment opportunities, and what excites and worries them looking forward.

  • How did evaluation of fusion evolve from option to core opportunity?
  • Where are the opportunities by approach and application?
  • What factors set apart the leaders from the pack?

Hosted by: Stuart Allen, CEO, FusionX

2:40 PM - 3:20 PM
Innovation & Deployment: Fusion in the Nordics

A Nordic fusion ecosystem is forming, adding diversity and complementary strengths to Europe’s fusion advancement. A panel of fusion innovators, off-takers and policy makers discuss the potential for the development and industrialization of fusion across and from the Nordic region.

  • The strategic potential of the Nordics as a hub for next-generation energy
  • The role of a Nordic fusion ecosystem: partnerships, supply chains, workforce
  • Nordics’ countries as leaders in fusion regulation and the support of innovation
  • Neutron sources and other non-power opportunities

Moderated by: Alex Borovskis, Co-Founder, Helixos

3:20 PM - 3:40 PM
Coffee & Networking
Refreshments and informal networking.
3:40 PM - 4:10 PM
Fireside Chat: Partnership & Power Plants

A discussion between Type One Energy, TVA & AECOM exploring partnership, expectations, and how they are jointly advancing fusion to commercialisation.

4:10 PM - 5:00 PM
Commercialisation: MCF

A panel of fusion innovators explore the path to commercialisation, the challenges, and their expectations, across tokamaks & stellarator approaches.

  • What challenges remain to surpass break-even in private-sector MCF?
  • What is the current state of HTS technology and what is its contribution both as core-tech and as a spin-out?
  • What are the key milestones in de-risking MCF fusion approaches and when will they be retired?
  • What new technologies and cost pathways are needed to make MCF fusion commercially viable, and how close are they?

Moderated by: Malcolm Handley, Partner & Founder, Strong Atomics

5:00 PM - 5:30 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 derisks investment opportunities.

Hosted by: Nicolas Davies, COO, FusionX

6:00 PM - 7:30 PM
Networking Drinks Reception
Evening networking drinks reception.

Wednesday, 25th February 2026  

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.

11:40 AM - 12:30 PM
Lessons from ITER - What could have been done differently?

A candid, structural look at the challenges facing large-scale scientific projects, drawing on first-hand insights from ITER. This session examines the root causes of ITER’s delays and cost overruns, focusing on supply-chain complexity, procurement strategy, and programme management

  • Why major infrastructure and science projects so often fail to deliver on time and within budget, and the lessons for emerging fusion companies.
  • A case study of the EU’s €7bn supply-chain involvement: how fragmented contracts, integration challenges, and procurement choices contributed to delays.
  • How fundamental project-management practices (“the elementary stuff”—FOAK basics, coordination, interfaces) were where issues emerged.
  • What the private-sector fusion can learn from ITER’s experience to avoid encountering the same structural and operational challenges.
12:30 PM - 1:00 PM
FusionX Data

Insights from FusionX’s comprehensive data set reveal growing market confidence in fusion as an investable technology class, a maturing sector, marked by both accelerating investment and a clearer differentiation of strategies.

1:00 PM - 2:00 PM
Networking Lunch

Connect with peers over a buffet-style lunch.

2:00 PM - 2:30 PM
Partnering to Achieve High Gain through Fast Ignition

Partnerships are essential to accelerate progress toward high-gain fusion through fast ignition. By sharing expertise in target design, driver optimisation, and diagnostic capability, these collaborations reduce technical risk and shorten the path to engineered solutions required to turn promising physics into a commercially relevant fusion system.

Shark Tank, Dragon Den, Löwen 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.

2:30 PM - 3:20 PM
Workshop Session: Opportunities in Fusion Innovation: Power & Non-Power

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.

  • What fusion approach or non-power application are you developing, and what problem does it solve?
  • What are the key technical challenges that still need to be overcome?
  • Why is the next major milestone that meaningfully de-risks your approach?
  • What are your key performance or cost targets (such as LCOE for power applications), and what makes them achievable?

Hosted by: Nicolas Davies, COO, FusionX

Investors include:

Panellists include: 

3:20 PM - 3:40 PM
Coffee & Networking
Refreshments and informal networking.
3:40 PM - 4:40 PM
Workshop 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.

  • What product or capability are you supplying to the fusion ecosystem?
  • Who are your customers, and where does your solution fit into their systems or programmes?
  • What are the biggest technical or scale-up risks, and what is the plan to mitigate them?
  • What long-term cost or performance targets are you aiming for, and what makes those achievable?

Hosted by: Nicolas Davies, COO, FusionX

Investors include:

Panellists include:

Thursday, 26th February 2026  

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:

8:30 AM - 9:30 AM
Registration, Coffee & Networking

Check in, meet fellow attendees, begin networking, join Breakfast Briefings.

9:30 AM
Welcoming Remarks
 
9:30 AM - 10:20 AM
Fireside Chat: Fusion Development – Many Paths

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.

  • How do state-led, hybrid, and private-led models compare in their ability to sustain long-term fusion development and mobilise resources effectively?
  • What are the relative advantages of German federal/state coordination, UK public-private balance, and US market-driven models?
  • What synergies with the private sector can be delivered through international programs like ITER, or national ones like STEP?
  • What are the expectations and anticipated opportunities for cooperation from the coming EC Fusion Strategy?

Moderated by: Alex Borovskis, Co-Founder, Helixos

10:20 AM - 11:00 AM
Supply-Chain/Critical Tech: Superconductors

A panel of manufacturers and users explore key questions on the ongoing and evolving application of superconductivity, the development of high-field magnets, the arc of costs and supply on the path to commercially-viable fusion.

  • How are innovations in superconductivity & magnets driving advances in MCF?
  • What supply-chain challenges/bottlenecks exist & how are they best mitigated?
  • What effect will HTS performance and cost have on FOAK plant costs & viability?
  • Can improved superconductors & increased production capacity enable additional superconducting products outside fusion?

Moderated by:

11:00 AM - 11:30 AM
Coffee & Investor Networking

Enjoy coffee, connect with fellow attendees, and explore exhibitor booths.

11:30 AM - 12:00 PM
Fireside Chat: Bavaria & Hesse

Two of the world’s most supportive governments – the states of Bavaria & Hesse – exploring their support for fusion commercialisation, their expectations, and how they successfully integrate their initiatives with the wider funding ecosystem.

Hosted by: Dr. Rainer Seßner, CEO, Bayern Innovativ GmbH

12:00 PM - 12:20 PM
Fireside Chat: General Fusion

A moderated discussion with a senior executive from General Fusion exploring their 20-year experience raising capital through multiple market cycles, their strategic approach to navigating shifts in investor sentiment, and the lessons learned in sustaining momentum on the path towards commercialisation of fusion energy.

Hosted by: Stuart Allen, CEO & Co-Founder, FusionX

12:20 PM - 12:40 PM
Construction and Operation of Wendelstein 7-X – what did we learn?

An overview of Wendelstein 7-X’s construction and operation, highlighting technical challenges, supplier management, lessons learned, and recent achievements in plasma performance and duration.

Hosted by: Annika Michalak, Project Manager, Bayern Innovativ GmbH

12:40 PM - 1:40 PM
Networking Lunch

Connect with peers over a buffet lunch.

1:40 PM - 2:20 PM
Commercialisation: Magnetic Mirrors

A discussion exploring the pathway to commercialisation, the remaining physics and engineering challenges, and expectations for emerging magnetic mirror approaches for power generation and volumetric neutron sources.

  • What is the current status of mirror machines among fusion approaches?
  • How have recent innovations accelerated mirror-based fusion approaches
  • What is the technical and commercial potential for magnetic mirrors as volumetric neutron sources?
  • What barriers remain to achieving break-even in private-sector mirror fusion?

Moderated by: Valerie Jamieson, Development Manager, The Fusion Cluster

2:20 PM - 3:00 PM
Supply-Chain/Critical Tech: Photonics

An exploration of key questions in the evolving application of photonics, the development of lasers, and the arc of costs and supply commercially viable fusion.

  • How are innovations in lasers and advanced optics driving new pathways in ICF?
  • What supply-chain challenges exist for components like large-aperture optics, laser glass, high-damage-threshold coatings, and how can they be mitigated?
  • What new manufacturing lines are expected and to what effect on supply/costs?
  • What effect will laser efficiency, rep. rate, and component lifetime have on the cost of a FOAK plant and the commercial viability of laser-driven fusion?

Moderated by:

3:00 PM - 3:30 PM
Coffee & Investor Networking

Enjoy coffee, connect with fellow attendees, and explore our exhibitor booths.

3:30 PM - 4:10 PM
Fusion's New Partners: Offtakers & Grid Integration

A deep dive into partnerships with utilities, discussing fusion's role in powering future demand & how that underpins the investment case for fusion.

  • How can partnerships with utilities mitigate the challenges of financing long-term, capital-intensive projects such as fusion?
  • Grid integration challenges and solutions for fusion power plants
  • How are partnerships most effectively structured?
  • How are German utilities leading the way in fusion partnerships?

Moderated by: Frances Breslin, Private Fusion Lead, Frazer-Nash Consultancy

4:10 PM - 5:00 PM
Closing Panel: Innovation, Partnership & Security

Fusion stakeholders explore the role of fusion innovation, partnership and collaboration & its significance economically and otherwise, Europe & globally.

  • How can transnational projects like ITER, universities & national labs, suppliers and innovators most effectively work together to progress fusion?
  • How are public sector entities working with the private sector to resolve challenges on first wall materials, diagnostics etc?
  • How might the EC Fusion Strategy accelerate fusion’s contribution to energy independence and national security and competitiveness?
  • How can fusion aid energy security, industrial resilience, and stability?

Moderated by: Sehila Gonzalez, Global Director, Fusion Energy, CATF

5:30 PM
Closing Remarks & End

Formal conclusion of the conference.

Friday, 27th February 2026

Networking Day

Overview

  • Meeting point for all groups: München Hauptbahnhof (15 minutes before departure)

  • Groups depart in three waves at 08:15, 08:30, and 08:45

  • Morning programme includes two private site visits per group

  • All groups reconvene for a joint networking lunch

  • The afternoon programme consists of cultural and networking activities in Munich

Group 1 – Marvel/CALA and IPP (08:15 departure)

  • 08:15 – Depart München Hauptbahnhof

  • 09:00 – Arrival at first site

  • 09:00–10:30 – Site visit at Am Coulombwall 1, Garching

  • 10:30–10:45 – Walk to second site

  • 10:45–12:15 – Site visit at Boltzmannstrasse 2, Garching

  • 12:15–13:00 – Travel to lunch venue

  • 13:00 – Networking lunch

Group 2 – IPP and Proxima (08:30 departure)

  • 08:30 – Depart München Hauptbahnhof

  • 09:15 – Arrival at first site

  • 09:15–10:45 – Site visit at Boltzmannstrasse 2, Garching

  • 10:45–11:30 – Bus transfer to second site

  • 11:30–12:30 – Site visit at Flößergasse 2, Munich

  • 12:30–13:00 – Travel to lunch venue

  • 13:00 – Networking lunch

Group 3 – Proxima and Marvel/CALA (08:45 departure)

  • 08:45 – Depart München Hauptbahnhof

  • 09:00 – Arrival at first site

  • 09:00–10:00 – Site visit at Flößergasse 2, Munich

  • 10:00–10:45 – Bus transfer to second site

  • 10:45–12:15 – Site visit at Am Coulombwall 1, Garching

  • 12:15–13:00 – Travel to lunch venue

  • 13:00 – Networking lunch

Networking Lunch

  • 13:00–14:30 – Joint networking lunch at Hofbräuhaus München

Afternoon Cultural Programme

  • 14:30–17:30 – Cultural and networking activities in Munich

  • Options include a BMW Group visit, a short city tour with Residenz visit, or a guided city tour

Connect with the entire fusion ecosystem

"The event was extremely organized and was all about collaboration, which is exactly what's needed to break through into fusion energy commercialization."  Oded Gour-Lavie, CEO, nT-Tao