FIA Sends Letter to Congress in Support of Tech-Neutral Tax Credits
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FIA Sends Letter to Congress in Support of Tech-Neutral Tax Credits

ByCaroline

On January 7, the Fusion Industry Association (FIA) sent a letter to Congress supporting the technology-neutral clean energy generation tax incentives enacted in the Inflation Reduction Act (IRA) of 2022. For the first time, fusion power can benefit from the same financial incentives long enjoyed by other clean technologies encouraging development in the US. This provides crucial support as the global race to fusion deployment continues.

IRA Final Rulemaking on Clean Energy Production and Investment Tax Credits is Published
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IRA Final Rulemaking on Clean Energy Production and Investment Tax Credits is Published

ByCaroline

The Inflation Reduction Act (IRA) final rulemaking on the clean energy production and investment tax credits has been published, including fusion energy and other technologies. This changes the pre-existing renewable energy tax credits into a technology-neutral tax credit that supports any facility that does not produce greenhouse gases.

FIA Urges Fusion Prioritization in US FY26 Budget Request
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FIA Urges Fusion Prioritization in US FY26 Budget Request

ByCaroline

The United States is at an inflection point in its pursuit of commercial fusion energy. To meet the goal of deploying fusion power within the next decade, the current federal funding levels and priorities are insufficient. While the U.S. has been a leader in fusion research, countries like China are dramatically increasing their efforts, putting…