Congress Provides Record Funding for Fusion Energy

Congress Provides Record Funding for Fusion Energy

In the 2023 Appropriations bill, expected to pass Congress this week, the U.S. government would provide record funding for fusion energy. This funding comes on the heels of the breakthrough fusion results from the National Ignition Facility (NIF) at Lawrence Livermore National Lab, announced on December 13. The Fusion Energy Sciences program within the Department…

Fusion Energy Action Plan Outlined in Special Competitive Studies Project Report

Fusion Energy Action Plan Outlined in Special Competitive Studies Project Report

The Special Competitive Studies Project (SCSP) published an Interim Panel Report, Harnessing the New Geometry of Innovation, laying out actions for the U.S. to strategically position itself as a long-term leader of fusion energy acceleration and commercialization. The report is the fourth interim panel report using the work collected by the SCSP over the past…

NRC Considers Regulatory Approaches for Fusion Energy

NRC Considers Regulatory Approaches for Fusion Energy

In a meeting at the Nuclear Regulatory Commissions (NRC) on Tuesday, November 8, the Department of Energy, representatives of Agreement States, and private industry agreed that the regulation of fusion energy should be separated from the regulation of nuclear fission. Members of the FIA and the NRC staff discussed how an approach to fusion energy…

FIA Submits Letters to the Treasury, Urging Fusion Tax Equality with Clean Energy

FIA Submits Letters to the Treasury, Urging Fusion Tax Equality with Clean Energy

The Fusion Industry Association wrote letters (embedded below) in response to the Treasury Department’s Internal Revenue Service’s (IRS) requests for comment on implementing the “Energy Security Tax Credits for Manufacturing” (Notice 2022-47) and on “Certain Energy Generation Incentives” (Notice 2022-49) as enacted in the Inflation Reduction Act of 2022. In these letters, the FIA and…