On October 26, 2023, the UK’s Energy Act 2023 gained Royal Assent and was enacted to strengthen the UK’s long-term energy security and support affordable clean energy. The UK will become the first country to legislate for fusion regulation, which will foster the growth of the domestic fusion industry in support of the UK’s goal for a prototype fusion power plant by 2040.
Every now and then, a scientific breakthrough changes the world. From the Copernican heliocentric model of the universe and electricity to penicillin and the discovery of the structure of DNA, these developments transform our globe — and another one has been reached.
Andrew Holland, chief executive of the Fusion Industry Association, tells Hamish Johnston how commercial fusion could be delivering electricity to the grid by 2035.
On November 21, the European Parliament adopted its position on the Net Zero Industry Act (NZIA), amending the initial proposal of the Commission to include “fusion energy technologies” among the net-zero technologies in their aims to boost decarbonization efforts in Europe. The Act sets a target for Europe to produce 40% of its annual deployment needs in net-zero technologies by 2030, to capture 25% of the global market value for these technologies, and to address challenges in scaling up these technologies’ manufacturing capacities.
The U.S. will lay out the first international strategy to commercialize nuclear fusion power at the upcoming UN climate summit in Dubai, U.S. Special Envoy on Climate Change John Kerry will say on Monday, two sources familiar with the announcement said.
A Janesville-based nuclear technology company with Madison-area facilities has received a $70 million investment to expand “near-term applications” of nuclear fusion technology used in the defense, industrial and health care sectors of the economy.
Companies are looking to commercialize advances made by federally supported research labs in the quest for boundless energy.
75 US-based companies and universities sent a letter to the Senate and House Appropriations Committees, urging an increase in fusion energy funding. The community requests that fusion is funding at the level requested by the President’s budget request, at the full level authorized in the CHIPS and Science Act. The whole community agrees that the Committee should “fund and prioritize” fusion energy
Scientists have been chasing the dream of harnessing the reactions that power the Sun since the dawn of the atomic era. Interest, and investment, in the potentially carbon-free energy source is heating up.
The Seattle region is solidifying its place as a global leader in the race for fusion energy, with five major companies looking to crack the code on the clean, sustainable power source.