Teams around the world are trying to build compact nuclear fusion reactors. I'm in love with this mission for largely aesthetic reasons. I don't think we need fusion power to mitigate climate change, nor do I think we should bet much on it in that arena. However, if we want to escape "fusion is always 20 years away" small reactors that you can iterate fast on feel right to me. This article says Lockheed Martin's Skunkworks has already built five iterations of their reactor. We formally agreed to build ITER - the crown jewel of the "make them bigger" approach - in 2006, and it won't be ready to test until 2025.
For me, fusion power is romantic-verging-on-quixotic because it's not the solution 1 to our current problems: It's the key to new kinds of magic.

Merchant marine nuclear power has been a non-starter since we dropped the first bomb. Fission meltdowns, nuclear proliferation, and decommissioning are scary problems and we don't need giant ships badly enough to solve them. But, if Lockheed Martin actually delivers a fusion power plant in a shipping container, that completely flips the economics of shipping. I can't tell you what this looks like but I can tell you it's awesome. Maybe we'll see mind-bogglingly massive ships traveling at about the same speed. Maybe we'll sacrifice energy efficiency for higher speed hydrofoils or wingships to deliver faster and amortize the capital cost of the ship over more trips.
Maybe we'll ditch ships entirely and fusion powered aircraft that dwarf the AN-225 will take over all cargo service. Atomic Accidents by James Mahaffey has a great section on a 1950s project which tried to pull this off with early fission.
General Fusion
I don't know who's going to pull this off, or when anyone will, but for aesthetic reasons General Fusion is my favorite contender. Their approach is satisfyingly physical: pistons, pressure, and a whirlpool of molten metal. I can viscerally imagine groaning about some tedious problem with my fusion reactor like a bad carburetor on an old car. As I understand it, the three big issues for fusion reactors are
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Squeezing hydrogen plasma hard and hot enough that the atoms fuse together,
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Safely capturing the heat of that fusion to do work (thermonukes are not power plants)
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Keeping the flood of neutrons released from destroying every material in the reactor.

General Fusion is building a sphere of molten lead and lithium a few meters in diameter and using pumps to spin the metal so a siphon forms along its vertical axis. Hydrogen plasma is shot into the siphon, and pistons arrayed across the outer surface of the spherical chamber rapidly push in more molten lead. The additional metal crushes the central siphon to 1/1000th its original volume and adiabatic compression of the hydrogen plasma takes it to other-worldly temperatures 2. The plasma fuses during the crush and blasts the inner wall of molten metal with intense heat and neutron flux. The siphon grows again and the whole process repeats.
Here's the beautiful bit: Extracting heat and getting useful reactor lifetimes in spite of neutron damage are fairly open problems for most approaches. General Fusion has a thick layer of molten lead between the fusion and the nearest solid surface, so the neutrons just turn into extra heat3. They're also already pumping that lead through a loop to establish their siphon, so adding a heat exchanger to make steam and run boring conventional turbines is dead simple.
There are asterisks on this: Making plasma stable enough to endure the time between injection and squeezing is hard but they say they've done that. The magnetohydrodynamics of the spinning, shrinking internal surface of the molten metal are difficult to predict. But, the whole system makes sense. You can visualize it, and you can imagine a future where it's banal.