Fusion's financing challenge changes once the machine works. The question shifts from funding technology development to funding a first-of-a-kind power station whose long-term operating characteristics remain largely unknown. That challenge fits neither venture capital nor conventional project finance. The capital required exceeds venture equity limits, while construction and operating risks sit beyond what debt markets will accept at reasonable cost. The technology also isn't proven or standardised enough for conventional utility financing. The result is a classic commercialisation valley of death.
Speakers
Michael Bratsafolis Inertia Chief Communications Officer & Head of External Affairs
Rick Needham Commonwealth Fusion Systems Chief Commercial Officer
Allen Otto Guggenheim Partners Senior Managing Director
