The Congressional Appropriations Committees in both the House and Senate, which write the bills that will fund the government, have passed their proposed funding bills for fusion energy research in the Energy and Water Appropriations bills, cutting the fusion budget significantly from the President’s request of $1.01 billion. In March, the President’s request to Congress…
$1.4B has been raised and 13 fusion start-ups have launched in the past year globally. But the industry now faces a valley of death as it tries to attract fresh money to build nuclear fusion prototypes.
A new U.S. startup led by a Nobel Prize-winning electronics engineer aims to build a nuclear fusion reactor by around 2030, making it the latest company seeking to harness the power of stars.
On July 12, 2023, the U.S. Nuclear Regulatory Commission (NRC) held a public meeting to update progress on developing a regulatory framework for fusion energy. As the first meeting following the April NRC decision that separated fusion from fission regulations in the United States, it kicks off the progress that will be made as a result of the vote.
High-temperature superconducting tape is behind one hope for a tinier tokamak
Investment in the global fusion industry has now reached a cumulative USD6.21 billion, up from USD4.8 billion a year ago, according to the third annual Global Fusion Industry Report from the Fusion Industry Association. The report surveyed 43 private fusion companies, up from 27 a year earlier.
Total investment in the fusion industry has reached $6.21 billion, up from $4.8 billion last year, according to the Fusion Industry Association (FIA).
The Fusion Industry Association (FIA) released its third annual industry report ‘The Global Fusion Industry in 2023’ on July 12, unveiling worldwide findings from an electrifying year of the fusion industry’s development. 43 private fusion companies were surveyed for the report, ranging from fusion industry giants to new entrants with bold visions, committed to addressing the challenges that remain ahead for commercialization.
On June 30, Senator Maria Cantwell, Chair of the Senate Committee on Commerce, Science, and Transportation, sent a letter to Secretary Gina Raimondo, US Department of Commerce, on the importance of power semiconductors being included in the CHIPS for America Fund, based on the need for the growing fusion industry.
The Fusion Industry Association Space Committee operates as an arm of the FIA to support the role of fusion energy in expanding space operations, and has written the following mission statement to help guide their efforts in promoting the development of fusion spacecraft power & propulsion.