Congressional Hearing on Fusion Energy Shows Bipartisan Support For Accelerating Commercialization Efforts
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Congressional Hearing on Fusion Energy Shows Bipartisan Support For Accelerating Commercialization Efforts

ByCaroline

On June 13, alongside representatives from the U.S. Department of Energy, Helion Energy, US ITER Project Office, and General Atomics, FIA CEO Andrew Holland testified at a Congressional hearing on “From Theory to Reality: The Limitless Potential of Fusion Energy“, hosted by the Energy Subcommittee of the House Committee on Science, Space, and Technology. A main theme from the hearing: the general consensus to increase support for accelerated fusion commercialization, a feat that will unlock “limitless potential” for energy, climate, and economic benefits.

Our fusion moment has arrived. We can’t afford to let it pass

Our fusion moment has arrived. We can’t afford to let it pass

ByCaroline

Rep. Brandon Williams’ op-ed in The Hill: The House Science Energy Subcommittee hearing on fusion that I chaired this week made it clear that the process that our sun and stars use to generate energy is finally within our grasp — progressing from a scientific experiment to commercial reality. A timeless pursuit, mankind has long sought the ability to capture unlimited, clean sources of energy to power our world.

US Expands the Qualifying Advanced Energy Project Credit to Accelerate Clean Energy Technologies
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US Expands the Qualifying Advanced Energy Project Credit to Accelerate Clean Energy Technologies

ByCaroline

In a notice released on May 31, 2023, the U.S. Department of the Treasury and the Internal Revenue Service (IRS) provided further technical guidance on the application process for the Qualifying Advanced Energy Project Credit (Section 48C of the Internal Revenue Code). The first round of the expanded 48C tax credit program will strengthen the supply chains for fusion-related technologies to address remaining challenges for fusion commercialization, such as the manufacturing of superconducting magnets, plasma-facing components, and diagnostics.

Commonwealth Fusion has raised $2 billion to make energy like the sun and stars — here’s a look inside

Commonwealth Fusion has raised $2 billion to make energy like the sun and stars — here’s a look inside

ByCaroline

Bob Mumgaard, CEO of Commonwealth Fusion Systems, spoke with CNBC about why now is a tipping point for the fusion industry. The firm is a leader in the nascent space with more than $2 billion in funding. At the end of May, CNBC went to Devens, Massachusetts, to see what it looks like to build a fusion reactor.

Germany Publishes Memorandum on Laser Inertial Fusion Energy
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Germany Publishes Memorandum on Laser Inertial Fusion Energy

ByCaroline

Germany’s Federal Ministry of Education and Research (BMBF) published a memorandum on inertial fusion energy (IFE) in May 2023. An expert panel of scientists analyzed the status of fusion energy, its position in Germany, and its unparalleled potential in the global clean energy transition. In their report, they give high level recommendations, listed below, to ensure Germany’s position as a global leader in fusion development.

German start-up wins initial funding for revolutionary fusion energy machine

German start-up wins initial funding for revolutionary fusion energy machine

ByCaroline

A German start-up has secured initial funding to develop a revolutionary fusion energy machine that it hopes can provide a future source of abundant, emissions-free power. Proxima Fusion, incorporated in January, aims to build a complex device known as a stellarator and is the latest company to join the emerging fusion industry’s effort to generate…