Fusion energy, domestic solutions present growth opportunities in Asia

Energy disparities complicate Asia’s renewable transition.

Asia’s energy sector faces wide disparities, with challenges ranging from fossil fuel reliance in resource-rich countries to energy import dependence in advanced economies, said Kieran Furlong, Chief Executive Officer of Realta Fusion.

For countries like Japan, Korea, and Singapore, the challenge is to secure energy independence while reducing reliance on imports, a strategy Furlong describes as “critical…for Asian economies in the 21st century.”

Fusion energy is emerging as a promising solution. Realta Fusion, a US-based startup, sees significant potential for fusion deployment in Asia’s advanced economies. “We see huge opportunities…and I think there are players in those countries who are recognizing that as well,” Furlong noted, emphasising Japan as a prime hub for fusion technology partnerships.

Looking toward 2030, Furlong expects fusion projects to gain traction in Asia, with multiple projects announced and groundbreaking underway. “I do think we’ll see some of those in some of the advanced Asian economies,” he added, marking Asia as a leader in the shift to new energy sources.