The race is on to crack commercial nuclear fusion
“In Everett, WA, nuclear fusion is no longer 10 years away.” Zap Energy and Helion are highlighted in IEEE.
Our fusion moment has arrived. We can’t afford to let it pass
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
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
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.
FIA CEO to Testify at Congressional Hearing on Fusion
On June 13 at 2pm, FIA CEO Andrew Holland will testify 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.
Department of Energy Announces Milestone Public-Private Partnership Awards
On May 31, 2023, the United States Department of Energy announced the first round of awardees of the milestone-based public private partnership program. Congratulations to the awardees, all FIA members: Commonwealth Fusion Systems, Focused Energy, Princeton Stellarators, Realta Fusion, Tokamak Energy, Type One Energy Group, Xcimer Energy, and Zap Energy.
FIA Issues Support for NRC Commissioner Baran
On May 25, 2023, the Fusion Industry Association (FIA) sent a letter to Senator Carper, Chairman of the Senate Committee on Environment and Public Works, and Senator Capito, Ranking Member, in support of the re-nomination of Commissioner Baran to the Nuclear Regulatory Commission (NRC).
Germany Publishes Memorandum on Laser Inertial Fusion Energy
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.
Live Stream: Department of Energy Announces Fusion Milestone Program Awards
The US Department of Energy will announce the first round of awardees of the Milestone-Based Fusion Development Program on Wednesday, May 31 at 2pm ET via live-stream (embedded video below).
German start-up wins initial funding for revolutionary fusion energy machine
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…