FIA Sends Letter to Congress on Support for Fusion in Tax Policy to Ensure Fairness, Innovation, and Global Competitiveness

On May 14th, the Fusion Industry Association (FIA) sent a letter to Congress addressing the current draft of reconciliation legislation passed by the House Ways and Means Committee. The legislation overlooks a critical opportunity to support American innovation and energy security by advancing the growth of fusion energy as a source of safe, secure, and abundant energy. Congress could slow the deployment of fusion in the U.S. if they choose to sunset the Inflation Reduction Act’s (IRA) technology-neutral investment tax credit (48E) and production tax credit (45Y), continue to exclude fusion components from the advanced manufacturing production credits (45X) of the Internal Revenue Code, and end the transferability of these credits. The letter emphasizes the importance of maintaining the credits to secure fusion deployment in the U.S., ensuring innovation and energy leadership.

“Inaction in the U.S. will rebound globally, as America’s competitors are not waiting. China, Great Britain, Germany, Japan, and Korea are all investing strategically in fusion and the affiliated supply chains. If the U.S. fails to support its homegrown industry, it will lose a technological edge in the development of the 21st century’s manufacturing renaissance. Fusion technology invented in America should be built in America.”

FIA Letter to Congress on Support for Fusion in Tax Policy to Ensure Fairness, Innovation, and Global Competitiveness, May 14, 2025

You can read the full letter below.

May 14, 2025