FIA Responds to U.S. Department of Energy RFI on Public-Private Consortium Framework
|

FIA Responds to U.S. Department of Energy RFI on Public-Private Consortium Framework

ByCaroline

As fusion technology transitions from the lab to commercialization, the Fusion Industry Association (FIA) firmly believes in the acceleration that comes with thoughtful private and public sector collaboration. The U.S. Department of Energy’s recent Request for Information (RFI) on the Fusion Energy Public-Private Consortium Framework (PPCF) presents an opportunity to bridge the science and technology gaps crucial for achieving commercial fusion power.

South Korea Announces KRW 1.2 Trillion to Prioritize Fusion Commercialization
|

South Korea Announces KRW 1.2 Trillion to Prioritize Fusion Commercialization

ByCaroline

South Korea announced a government project worth KRW 1.2 trillion with the goal of harnessing fusion power. This new initiative, separate from K-STAR and South Korea’s ITER contributions, will focus on ensuring a private sector led fusion ecosystem in the country. The announcement was made on July 22 during a National Nuclear Fusion Committee meeting, chaired by Minister Lee Jong Ho of the Ministry of Science and ICT.

New EU Commission Wants to Increase Investment for Cleantech and Further Promote Research and Innovation
|

New EU Commission Wants to Increase Investment for Cleantech and Further Promote Research and Innovation

ByCaroline

Ursula von der Leyen was re-elected as European Commission president after a speech in the European Parliament in Strasbourg presenting her political guidelines for the next five years. In her political priorities for the next EU 2024-2029 mandate, she emphasized the need to boost Europe’s competitiveness through massive investment.

Fusion Industry Association and The Fusion Cluster Lay Out Strategic Priorities Ahead of UK Election
|

Fusion Industry Association and The Fusion Cluster Lay Out Strategic Priorities Ahead of UK Election

ByCaroline

The United Kingdom is a world leader in fusion energy – a source of potentially unlimited strategically secure and affordable, low-carbon energy. Once commercialised, fusion is perhaps the ultimate energy source: zero carbon at the point of generation, energy dense, and with abundant fuels. As the UK general election draws closer, the Fusion Industry Association is delighted to have worked with The Fusion Cluster to lay out the importance of the fusion sector to the UK and issue key asks of incoming Parliamentarians and Ministers. Commercial fusion’s contributions to energy security, the economy, and to science & innovation represent a huge and imminent opportunity.

FIA Launches Commercializing Fusion Energy Paper
|

FIA Launches Commercializing Fusion Energy Paper

ByCaroline

The global race to commercial fusion power is on. On June 24, the Fusion Industry Association launched our Commercializing Fusion Energy paper, laying out the policy incentives that will attract and accelerate the fusion industry in nations that aim to lead in commercial deployment. This paper is intended to be used as a tool by policymakers when considering the most effective policy positions to implement. 

Canadian Roadmap For National Fusion Energy Strategy
|

Canadian Roadmap For National Fusion Energy Strategy

ByCaroline

On June 11, Canadian Nuclear Laboratories (CNL) hosted Fusion Day 2024 to unveil its roadmap to a national fusion energy strategy, aimed to position Canada as a global leader in fusion. The roadmap – Fusion Energy for Canada: A Forward-Looking Vision and Call for Action – calls on the government to design, fund, and implement a national fusion strategy. As the global race to commercial fusion deployment accelerates, the time is now. Without strategic national investment at a globally competitive level, Canada risks falling behind and failing to capitalize on economic, social, geopolitical, and decarbonization opportunities that commercial fusion unlocks.

House Passes Annual Defense Bill Alongside Guidance Report Including Fusion
|

House Passes Annual Defense Bill Alongside Guidance Report Including Fusion

ByCaroline

On June 14, the U.S. House of Representatives passed its version of the annual defense policy bill, the National Defense Authorization Act (NDAA). Alongside the bill, the House Committee on Armed Services released a Report on H.R. 8070 with additional views and guidance – including guidance on fusion energy sources, noting that “the committee believes that compact fusion power technologies, if matured to an appropriate level, could provide significant advantages to the Department of Defense.” 

G7 Includes Fusion Energy in Leaders’ Communiqué
|

G7 Includes Fusion Energy in Leaders’ Communiqué

ByCaroline

On June 14, the G7 published the Leaders’ Communiqué, including fusion energy among other areas of collaboration to solve global challenges. In the Communiqué, the Leaders commit to establishing a G7 Working Group on Fusion Energy, and will work together to achieve consistent fusion regulatory approaches. A major step in accelerating global commercial fusion and solidifying fusion regulatory certainty.