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Nuclear Fusion Powers Up for Commercial Breakthrough | Switched On

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April 22, 2026

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Fusion energy is entering a new phase. After decades as a scientific pursuit, the sector is attracting billions in private and public capital, with big tech, oil companies and governments all racing to bring the first commercial plants online. Advances in areas like superconductors, materials and computing are opening new pathways, while surging demand for reliable, clean power, particularly from data centers, is accelerating momentum. But the landscape remains uncertain, with multiple competing technologies, ambitious timelines and no clear winner. So how close is fusion to commercial reality, and which approaches are most likely to deliver first? On today’s show, Tom Rowlands-Rees is joined by BloombergNEF’s lead nuclear analyst, Chris Gadomski, to discuss his note “Fusion Investment Pursuing Commercial Viability.”

Complementary BNEF research on the trends driving the transition to a lowercarbon economy can be found at BNEFGO on the Bloomberg Terminal or on bnef.com ()

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Fusion Investment Pursuing Commercial Viability ()

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The future of energy, transport, sustainability and more, as told by BNEF analysts. Each week, Dana Perkins and Tom Rowlands-Rees sit down with BloombergNEF (BNEF) analysts to uncover the key findings and stories behind their latest research.

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Guests & Subjects Covered

Tom Rowlands-ReesChris GadomskiBloomberg TerminalDana PerkinsBloombergNEF BNEF

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Nuclear Fusion Powers Up for Commercial Breakthrough | Switched On · Bloomberg Podcasts · Sentinel