President’s Budget Requests Over $1 billion for Fusion Energy Funding

President’s Budget Requests Over $1 billion for Fusion Energy Funding

On Thursday, March 9, the White House released their budget request for the 2024 fiscal year, set to begin in October. Within the budget is record funding of over $1 billion for fusion energy research in the Department of Energy Office of Fusion Energy Sciences. The FIA is pleased that the Biden Administration has recognized…

Congress Provides Record Funding for Fusion Energy

Congress Provides Record Funding for Fusion Energy

In the 2023 Appropriations bill, expected to pass Congress this week, the U.S. government would provide record funding for fusion energy. This funding comes on the heels of the breakthrough fusion results from the National Ignition Facility (NIF) at Lawrence Livermore National Lab, announced on December 13. The Fusion Energy Sciences program within the Department…

FIA Submits Letters to the Treasury, Urging Fusion Tax Equality with Clean Energy

FIA Submits Letters to the Treasury, Urging Fusion Tax Equality with Clean Energy

The Fusion Industry Association wrote letters (embedded below) in response to the Treasury Department’s Internal Revenue Service‚Äôs (IRS) requests for comment on implementing the “Energy Security Tax Credits for Manufacturing” (Notice 2022-47) and on “Certain Energy Generation Incentives” (Notice 2022-49) as enacted in the Inflation Reduction Act of 2022. In these letters, the FIA and…