FIA Releases Letter to U.S. Treasury on Clean Energy Tax Credits Inclusion of Fusion 
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FIA Releases Letter to U.S. Treasury on Clean Energy Tax Credits Inclusion of Fusion 

ByCaroline

On August 1st, the Fusion Industry Association (FIA) submitted a letter commenting on the Internal Revenue Service’s (IRS) forthcoming guidance on Certain Energy Generation Incentives (Notice 2022-49) as enacted in the Inflation Reduction Act of 2022. This letter represents the consensus view of the FIA that the inclusion of fusion in the § 45Y and § 48E credits would provide critical incentives and certainty as fusion moves to commercialization.

FIA Hosts Seminar Program for Interns
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FIA Hosts Seminar Program for Interns

ByCaroline

This summer, the FIA hosted its first-ever summer seminar series, open to interns of all FIA member and affiliate companies. This series aims to expand awareness of fusion development at the policy and industry levels, allowing interns to engage with leaders at the forefront of fusion policy, regulations, investment, and industry.  The series is part of a broader FIA effort to grow a diverse and well-prepared workforce.

FIA Urges Greater Information Sharing in Letter to ITER Director-General Pietro Barabaschi
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FIA Urges Greater Information Sharing in Letter to ITER Director-General Pietro Barabaschi

ByCaroline

Since its inception, ITER has been a marker for global scientific collaboration through fusion energy. The process of building and designing ITER has helped train generations of scientists, engineers, and specialists worldwide in cross-cutting fields enabling fusion science. The organization’s impact on showing the fusion ecosystem that it can build big things is important. Today, however, a new momentum is building – within and around the private fusion industry. Over $7 billion has now been invested in private fusion companies. Public-private partnerships are moving ahead, national strategies are launching, international partnerships are forming, regulatory activity is advancing. ITER’s role should evolve in this new fusion energy economy.

FIA Launches 2024 Global Fusion Industry Report
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FIA Launches 2024 Global Fusion Industry Report

ByCaroline

The fusion industry has now attracted over $7.1bn of investment, according to an annual report by the Fusion Industry Association (FIA), with over $900 million of new funds backing the technology since last year. As part of that, total public funding increased by 57% in the last 12 months to $426m, showing governments increasingly see public-private partnerships as central to making commercial fusion a reality.

FIA Launches 2024 Supply Chain Report
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FIA Launches 2024 Supply Chain Report

ByCaroline

On July 2, the Fusion Industry Association launched our 2024 Supply Chain Report as an updated version from last year. The report surveys fusion developers and suppliers to get a snapshot of where the supply chain stands as the fusion industry grows. Designed to capture and analyze trends, challenges, and opportunities within the industry, this report serves as a resource to better understand the web of supply and demand in fusion energy, and to help guide investment and policy strategy to support the accelerating fusion industry.

FIA Participates in Dutch Fusion Day in Eindhoven
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FIA Participates in Dutch Fusion Day in Eindhoven

ByCaroline

The Fusion Industry Association EU team took part in the first edition of the Dutch Fusion Day organised by DIFFER, the Dutch Institute for Fundamental Energy Research. Over 200 participants from the public and private sectors attended the full-day conference in Eindhoven on May 3, 2024 to discuss scientific, technological, and political developments accelerating fusion energy.