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.
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’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.
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).
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…
The Fusion Industry Association (FIA) today released a report – The Fusion Industry Supply Chain: Opportunities and Challenges – analyzing the current fusion supply chain and projecting a huge growth in demand for fusion suppliers over the coming years. The report also found limited concern about geopolitical supply risk and a reluctance amongst suppliers to make the investments needed without firm commitments.
Companies looking to harness the process that powers the sun and stars to generate electricity expect to spend about $7 billion by the time their first nuclear fusion plants come online, a survey published on Wednesday said.
A consortium of public- and private-sector groups in Japan will invest in a startup working to commercialize fusion power, a next-generation energy source. Sixteen companies, including Mitsubishi Corp., Kansai Electric Power Co., and a government-affiliated fund will invest around 10 billion yen ($73.6 million) in the startup born at Kyoto University, Nikkei has learned.
A Washington state start-up backed by hundreds of millions of dollars of venture capital announced Wednesday that it expects to have a fusion power plant built within five years, betting on a vastly faster timeline for harnessing the potentially game-changing energy source than most experts think is plausible.
Private U.S. nuclear fusion company Helion Energy will provide Microsoft with electricity in about five years, the companies said on Wednesday, in the first such deal for the power source that fuels the sun but has been elusive on Earth.