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

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
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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 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…