Pacific Fusion works to develop commercially viable nuclear fusion energy. It uses pulsed magnetic inertial fusion to squeeze and heat small deuterium-tritium fuel capsules with fast, high-current pulses inside a compact fusion chamber, aiming to achieve net energy gain where the output exceeds the input. The system is highly modular: a fast electric pulser built from thousands of identical parts, a small fusion chamber, and many tiny fuel containers, enabling affordable manufacturing, rapid iteration, and simpler supply chains. This focus on practical economics helps distinguish it from competitors that may pursue less manufacturable designs. The company’s goal is to deliver limitless, clean, on-demand power to meet growing global energy demand and help address climate change.
Company Size
201-500
Company Stage
Series A
Total Funding
$900M
Headquarters
Fremont, California
Founded
2023
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Fusion's next test: can scientific breakthroughs become commercial power? Fusion energy has spent decades being described as a technology of the future. Now, a growing number of researchers, companies and investors are trying to determine just how close that future really is. A new Financial Times report examines what it calls fusion's "moment of truth," as private companies begin moving beyond laboratory experiments toward facilities intended to demonstrate whether fusion can eventually become a practical source of electricity. One of the latest examples is taking shape in Albuquerque, New Mexico, where Pacific Fusion recently broke ground on a new Research and Manufacturing Campus. The company plans to build a demonstration system there designed to achieve "net facility gain," meaning it would produce more fusion energy than the total energy initially stored in the machine. Pacific Fusion is targeting that milestone by 2030. From ignition to electricity. The current wave of fusion development builds on a major scientific achievement at the Department of Energy's Lawrence Livermore National Laboratory. In December 2022, the National Ignition Facility achieved fusion ignition, producing more fusion energy from a target than the laser energy delivered to it. Since then, NIF has repeated ignition multiple times. DOE's 2026 Fusion Science and Technology Roadmap reports that the facility's experiments have reached yields as high as 8.6 megajoules from 2.08 megajoules of energy delivered to the target. But there is an important distinction between scientific energy gain and a commercially viable power plant. The original NIF experiment did not produce more energy than was required to operate the entire facility. The Financial Times reports that while the historic experiment produced 3.15 megajoules of fusion energy, operating the laser system required roughly 422 megajoules of electricity. That gap represents one of the next major challenges for fusion research: translating successful fusion reactions into systems capable of reliably and economically producing usable electricity. Private investment is accelerating. The scientific progress is attracting significant private investment. According to the Financial Times, citing PitchBook data, fusion startups attracted a record $3.8 billion in private funding during the first eight months of 2026, already surpassing the $3.3 billion invested during all of 2025. More than 50 private fusion companies are now operating worldwide, roughly double the number five years ago. Those companies are pursuing a variety of approaches to the same fundamental challenge. Pacific Fusion, for example, is developing a pulser-driven inertial fusion system. Its Albuquerque demonstration facility is designed to generate fusion outputs exceeding 100 megajoules while also serving as a platform for high-energy-density research. The project also has a direct connection to DOE. In August, the Department of Energy's National Nuclear Security Administration and Pacific Fusion signed a memorandum of understanding establishing a framework for potential collaboration in high-yield fusion, high-energy-density science and related technologies. DOE says specific projects or funding commitments would require separate agreements. The national labs remain at the center. For DOE researchers, the growth of private fusion doesn't represent a departure from decades of federally supported science. In many ways, it is an extension of it. Pacific Fusion itself points to research performed at Lawrence Livermore, Sandia and Los Alamos national laboratories as part of the technological foundation underlying its approach. DOE's latest fusion roadmap similarly envisions national laboratories, private companies and research institutions contributing different pieces of the infrastructure required to move fusion forward, including high-performance computing, advanced manufacturing, artificial intelligence, materials science and experimental facilities. The next challenge is therefore broader than achieving another fusion record. Researchers will need to address the engineering, materials, manufacturing, fuel-cycle and economic questions that separate an experimental fusion reaction from a power plant capable of supplying electricity to the grid. And there is still considerable disagreement about how quickly that can happen. While some private companies have announced aggressive commercialization timelines, scientists interviewed by the Financial Times caution that meaningful grid-scale fusion remains an enormous technical and economic challenge. For DOE researchers, that makes the current period particularly significant. Fusion has already demonstrated scientific milestones once considered out of reach. The next phase will test whether those breakthroughs can be transformed into reliable infrastructure outside the laboratory. Sources: Financial Times, "Nuclear fusion's moment of truth," Sept. 16, 2026. Read the Financial Times article U.S. Department of Energy / NNSA, "NNSA Signs Memorandum of Understanding with Pacific Fusion as Company Breaks Ground on High-Yield Fusion Research Facility," Aug. 25, 2026. Read the DOE announcement Pacific Fusion, "Pacific Fusion breaks ground on first-of-a-kind fusion facility in New Mexico," Aug. 25, 2026. Read the Pacific Fusion announcement
Could a new campus near Sandia keep young talent in New Mexico? CAMINO Collaborative would bring training, research and manufacturing hub to vacant APS land Published September 8, 2026 - 6:50 p.m. Modified September 8, 2026 - 8:47 p.m. A new advanced manufacturing campus could come to unused Albuquerque Public Schools land in the Sandia Science & Technology Park - a project its backers say could reshape New Mexico's economic future. Stakeholders, including Central New Mexico Community College President Tracy Hartzler, envision the project including more than 300,000 square feet of buildings where advanced energy and technology students, researchers, entrepreneurs and employees can learn, experiment and commercialize cutting-edge technology. The proposed campus, built with money from public-private partnerships, will help address one of New Mexico's bigger challenges: Providing high-paying careers for youth who are prone to leave the state for better opportunities. The effort also aligns with how state officials are trying to shape New Mexico's economy by doling out tax credits, grants and awards to technology and energy startups. Late last month, Pacific Fusion, an advanced energy company, broke ground on a $1 billion research and manufacturing campus in Albuquerque - a project supported in part by public money. Officials involved in the project have an ambitious vision to create an entire ecosystem for advanced energy and technology manufacturers. Its location near Sandia National Laboratories and Kirtland Air Force Base is key to achieving that goal, CNM officials say. Spread across three dozen acres near Eubank and Gibson SE, officials want to build more than 300,000 square feet of buildings, including a CNM training center, a lab and manufacturing facility, and a site where students, startups and small manufacturers can work with Sandia's experts and equipment, Julie Heinrich, CEO of Heinrich Consulting Group and a strategic adviser to the project, wrote in an email. CNM spokesperson Brad Moore said the total estimated project cost for CNM's training facility at the site is $35 million. Officials said the CAMINO Collaborative project could also benefit from funds in a $351 million higher education bond that will appear on the November ballot. Other funding sources, such as from Sandia, have not yet been determined. It is unclear when the project will break ground. The project has been months in the making. At an APS Board of Education meeting in early August, board members voted unanimously to declare the nearly 37 acres of vacant land in southeast Albuquerque as surplus land - paving the way for that lease. APS officials also hope their students will one day use the campus. Antonio Gonzales, APS deputy superintendent of operations, told the school board Aug. 5 that "APS and CNM have developed a shared vision for this project." "It includes STEM learning opportunities for APS students, giving them hands-on experience and a direct path to college and careers," Gonzales said. The center would also be a regional hub for workforce development and support economic growth throughout Albuquerque and New Mexico, Gonzales said. "Simply put, we believe this collaboration can help... in keeping our young people in Albuquerque," he said. Heinrich said the project will create a place where "young people in New Mexico can see a future for themselves in the frontier industries that will define the 21st century." "We're ready to make things again in this country, and New Mexico is ready to lead," Heinrich said. In February, Sandia held a ribbon-cutting event for a separate project called CAMINO - short for Center for Advanced Manufacturing and Innovation - to support the design, prototyping and manufacturing of components essential to the nation's nuclear security enterprise mission. Sandia officials are developing a memorandum of understanding with CAMINO Collaborative stakeholders, including CNM, to focus on "how the Collaborative's vision could align with Sandia's national security mission," spokesperson Darrick Hurst said. Eric Truitt, co-founder and CEO of Mantis Space - a startup that chose Albuquerque for its facility to manufacture components for a laser-based power grid in space - said the company could set up an office on the campus. Mantis, Truitt said, wants to invest in workforce opportunities, education and training in the state. The CAMINO Collaborative could offer children in the state a way to interact with cutting-edge technology, thereby giving them a vision for their futures. "For children, and especially anybody in the K-12 system, the ability to reach out and touch something has such a massive impact because it feels real," he said. Justin Horwath covers tech and energy for the Journal. You can reach him at [email protected].
Revolutionizing fusion energy: Pacific Fusion aims for breakthrough in Albuquerque by 2030. Key points. * Pacific Fusion has broken ground on a $1 billion fusion energy campus in Albuquerque. * The project aims for net energy gain by 2030, producing 100 megajoules from 80 megajoules input. * This innovative approach utilizes 150 box-truck-sized capacitor modules instead of traditional lasers. * If successful, the project could significantly impact clean energy economics and global energy policies. Pacific Fusion is set to embark on a groundbreaking journey to redefine fusion energy production with its newly launched project in Albuquerque, New Mexico. On August 25, the company broke ground on a $1 billion campus designed to create a fusion energy reactor capable of producing more energy than it consumes. The ambitious goal is to achieve net energy gain by the year 2030, targeting an output of 100 megajoules for every 80 megajoules consumed. This concept represents a significant shift from previous fusion experiments, including those conducted at the National Ignition Facility (NIF) in California, where the overall energy consumption overshadowed the energy output. What sets Pacific Fusion apart from traditional fusion methods is its innovative design that utilizes 150 box-truck-sized modules. These modules, known as impedance-matched Marx generators, will generate a colossal electrical pulse thousands of times more powerful than lightning. Instead of relying on giant lasers or superconducting magnets, Pacific Fusion's design employs capacitors to directly target a pea-sized fuel capsule, initiating fusion in a fraction of a second. This pulsed magnetic inertial fusion method is designed to deliver about 12% of the initial energy stored in the capacitors directly to the fusion target. The efficiency of this approach is a game changer, marking a stark contrast to the NIF's method, where less than 1% of energy reached the target. The implications of Pacific Fusion's project extend far beyond just technical achievements in energy production. If successful, it could drastically alter the economics of clean energy, potentially lowering utility bills and reshaping climate policies around the globe. The operational principles aim to simplify the production process while ensuring a higher yield of energy output, thereby making fusion a more viable energy source. As the race for sustainable energy solutions heats up, the Pacific Fusion project represents a notable shift towards innovative thinking in fusion research. Should they meet their ambitious 2030 deadline, the resulting technology could pave the way for a new era of energy generation, demonstrating that the long-sought goal of practical fusion energy is finally within reach. This could lead to significant advancements in energy investment and a considerable impact on the global approach to energy consumption and environmental stewardship. August 29, 2026 at 08:40 AM Albuquerque, United States
Pacific Fusion breaks ground on $1B research, manufacturing facility in New Mexico. Pacific Fusion began construction on a $1 billion research and manufacturing campus in Albuquerque. The campus at Mesa del Sol will house Pacific Fusion's Demonstration System, designed to achieve net facility gain by 2030. That means it will produce more energy from fusion than the total energy initially stored in the machine. Net facility gain has never before been demonstrated and represents a key milestone on the path to commercial fusion power. The Demonstration System will also produce bursts of high-energy fusion output exceeding 100 megajoules, making it the only "high-yield" fusion facility under construction in the country. High-yield fusion refers to the capability to create certain conditions relevant to national security research. It provides a long-sought platform for the science required to maintain the U.S. nuclear stockpile without explosive nuclear testing. Underscoring its importance, the Department of Energy's National Nuclear Security Administration (NNSA) and Pacific Fusion announced a public-private partnership. Through the partnership, they will look to identify collaboration opportunities related to high-yield fusion, high-energy-density science, pulsed-power technologies, advanced materials, modeling and simulation, and other areas of shared national interest. "America pioneered the breakthroughs that brought fusion within reach. Pacific Fusion is focused on converting that scientific leadership into industrial capability and infrastructure that strengthens U.S. energy leadership and national security," Dr. Keith LeChien, co-founder and chief technology officer, said. "Today's groundbreaking shows that America can still build the hard things, and build them faster than any other country, including China." Pacific Fusion was founded in 2023 to deliver practical, affordable, and scalable fusion energy. Its technology advances decades of U.S. government investment at America's national laboratories, including Lawrence Livermore National Laboratory, Sandia National Laboratories, and Los Alamos National Laboratory. At the groundbreaking ceremony, federal, state and local leaders were in attendance along with technology and energy executives others. Among them was Don Tarry, president and CEO of Public Service Company of New Mexico (PNM). "At PNM, we're proud to welcome and support Pacific Fusion for bringing this kind of energy innovation to New Mexico and strengthening the state's leadership in energy, economic development, and advanced manufacturing," said Tarry. "Under the Energy Transition Act, we are looking ahead to new sources of carbon-free energy to meet the growing energy demands of the future. Fusion has the potential to help us achieve the state's ambitious objectives with reliable, affordable, and clean energy, and we're excited for the opportunity to help explore its potential as part of our future generation mix." Pacific Fusion's high-yield fusion facility could also expand the experimental capabilities available for science-based stewardship of the nuclear stockpile. "Public-private partnerships are essential to unleashing American innovation, strengthening our national security, and ensuring the United States wins the global fusion race," said NNSA Administrator Brandon Williams. Pacific Fusion's investment is also designed to establish the foundation for a broader fusion manufacturing industry in New Mexico.
Pacific Fusion breaks ground on Albuquerque machine targeting net facility gain by 2030. Key points * Pacific Fusion broke ground in Albuquerque on August 25, 2026, for a campus that will house its Demonstration System and manufacturing operations. [[1]] * The planned machine will use 156 impedance-matched Marx-generator modules to deliver more than 60 mega-amperes to a magnetized inertial-fusion target. [[2]] [[3]] * Net facility gain means fusion energy exceeds the energy stored in the driver; it does not mean the facility will produce net electricity for the grid. [[4]] * Independent coverage says the proposed system would still need substantially higher gain and a much faster shot rate before it could function as a power plant. [[5]] Pacific Fusion broke ground Tuesday, August 25, 2026, on a research and manufacturing campus in Albuquerque, New Mexico, where it plans to build a pulsed-power fusion machine designed to produce more fusion energy than the energy stored in the system. The company targets that milestone, known as net facility gain, by 2030. [[1]] The project is a demonstration facility, not a commercial power station. Pacific Fusion says the system is intended to generate roughly 100 megajoules of fusion energy per shot and operate at a rate of several shots per day. A commercial plant would need to run at about one shot per second and produce roughly five times more energy per shot, according to company executives quoted by TechCrunch. [[2]] A 156-module pulsed-power machine. Pacific Fusion's design is based on magnetized liner inertial fusion, a form of inertial confinement fusion that uses an intense electrical pulse to create a magnetic field and compress a small deuterium-tritium fuel target. The target is about the size of a pencil eraser, according to the company's description of the system. [[2]] The electrical driver will contain 156 modules. Each module is described as having 32 circular stages, with each stage containing 10 bricks made from two capacitors and a switch. The modules are intended to fire in synchronized pulses, producing more than 60 mega-amperes of current and storing approximately 80 megajoules of electrical energy. [[2]] [[3]] Pacific Fusion's core driver technology is an impedance-matched Marx generator, or IMG. The company says the architecture improves pulsed-power efficiency and supports a modular design. It has reported a one-third-scale test that delivered 440 gigawatts of peak electrical power in an 80-nanosecond pulse. That result measured the pulser, not fusion energy from a completed demonstration target. [[2]] [[6]] The facility's scientific role. The Albuquerque campus is planned to include the Demonstration System, target fabrication, engineering operations and scientific diagnostics. A Department of Energy document describing the proposed facility lists cryogenic targets, tritium fuel handling, a high-energy laser for x-ray backlighting and preheating, and instruments for high-energy-density and fusion research. [[7]] Pacific Fusion's user-program materials describe 17 configurable target-area diagnostics. Those instruments are intended to measure the implosion, energy yield and other conditions needed to evaluate scientific gain and net facility gain. [[8]] The company's technical case relies partly on simulations benchmarked against experiments at Sandia National Laboratories' Z facility. Its published technical work projects that increasing the current from the roughly 20-megaampere range demonstrated in relevant experiments toward 50 to 60 mega-amperes could reach ignition-scale conditions. Those projections remain simulations and extrapolations; the complete 60-megaampere demonstration machine has not yet operated. [[3]] [[9]] Net facility gain is not net electric power. Fusion terminology is central to the project. Scientific gain compares the energy released by the fusion reaction with the energy delivered directly to the fuel. Net facility gain compares fusion output with the energy initially stored in the machine. Pacific Fusion says its 2030 target uses the second definition. [[4]] Neither measure demonstrates that a power plant can send electricity to the grid. Pacific Fusion estimates that converting fusion energy into electricity, while supplying the plant's other equipment, would require a facility gain of roughly three to four. The company also lists plasma-facing materials, tritium supply, radiation shielding, target manufacturing and maintenance as requirements for affordable power. [[4]] Nature reported that the demonstration system is expected to use about 80 megajoules of stored electrical energy for each pulse. Even if the planned 100-megajoule fusion yield is achieved, the publication reported, the initial gain would be about one-fifth of the level needed for a power plant. [[5]] Federal partnership, but no announced construction funding. The groundbreaking coincided with a memorandum of understanding between Pacific Fusion and the National Nuclear Security Administration. The agreement establishes a framework for collaboration on high-yield fusion, high-energy-density science and related technical work, including national-security research. [[1]] The NNSA said specific projects and funding commitments would require separate agreements. The memorandum therefore establishes a cooperation framework but does not, on its face, disclose a federal commitment to finance construction or operations. [[1]] Pacific Fusion was founded in 2023 and has raised more than $900 million in milestone-based funding, according to testimony from company president Will Regan before the House Science, Space and Technology Committee. The company has said it expects to complete and validate a production-scale pulser module before building out the remaining modules for the demonstration system. [[10]] [[11]] The project's near-term technical tests are the production-scale module, full-system synchronization, target performance and diagnostic measurements. Even a successful net-facility-gain result would be a demonstration of a high-yield fusion experiment, not proof that Pacific Fusion has solved the repetition rate, energy conversion, materials and maintenance problems of a commercial plant. [[4]] [[5]] At the intersection of AI, tech, and markets. The stories that matter, in one email. Free - unsubscribe anytime.