The news: In possibly one of the most speculative moves in business history, Microsoft has signed a purchase agreement to buy electricity from nuclear fusion startup Helion Energy.
A gigantic catch: The agreement is the first of its kind for the nuclear fusion industry, because the technology doesn’t yet exist from a practical standpoint.
What comes next? Google has been a prominent player in the fusion race. It will take notice of Microsoft’s Helion deal and possibly follow suit with its own bolder move.
If Helion’s fast-tracked efforts are successful, it will reverberate far beyond the tech industry. Nuclear fusion holds the potential to revolutionize the energy industry by providing an abundant supply of carbon-free, radioactive-waste-free power to a world struggling with climate change and energy shortages.
First Published on May 11, 2023
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