Fusion Energy Events at COP28
Fusion energy is strongly represented at the 2023 United Nations Climate Change Conference in Dubai
Fusion in EU Net Zero Industry Act
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.
Job Opening: Spring 2024 Intern
The Fusion Industry Association (FIA) is hiring for a paid, part-time intern this Spring, 2024 to work remotely with in-person opportunity in DC as needed.
Fusion Industry Investment Passes $6bn
The Fusion Industry Association (FIA) released its third annual industry report ‘The Global Fusion Industry in 2023’ on July 12, unveiling worldwide findings from an electrifying year of the fusion industry’s development. 43 private fusion companies were surveyed for the report, ranging from fusion industry giants to new entrants with bold visions, committed to addressing the challenges that remain ahead for commercialization.
Senator Cantwell Voices Support for Semiconductor Inclusion in CHIPS for America Fund
On June 30, Senator Maria Cantwell, Chair of the Senate Committee on Commerce, Science, and Transportation, sent a letter to Secretary Gina Raimondo, US Department of Commerce, on the importance of power semiconductors being included in the CHIPS for America Fund, based on the need for the growing fusion industry.
Fusion Industry Association: Space Committee
The Fusion Industry Association Space Committee operates as an arm of the FIA to support the role of fusion energy in expanding space operations, and has written the following mission statement to help guide their efforts in promoting the development of fusion spacecraft power & propulsion.
Fusion Industry Association appoints UK Director
On July 1, the Fusion Industry Association appointed Dr Nick Walkden as UK Director. Nick brings with him extensive experience in fusion science and technology, policy, and strategy, developed in both the public and private sectors of the fusion industry.
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.
Fusion Industry Association Releases Supply Chain Report
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.
Japan Announces National Strategy For Fusion Energy
Japan announced a national strategy for fusion energy industrialization on Friday, April 13, calling for an integration of public and private sector activities towards fusion energy commercialization. The strategy, compiled by the Cabinet Office, lays out the importance of fusion energy as a means to increase energy security, address the climate crisis, and provide its…