Avalanche Energy plans to open a first-of-its-kind facility for commercial-scale testing of fusion technologies in Eastern Washington. The envisioned center, called FusionWERX, is a public-private partnership offering shared resources to universities, companies, and government labs in an effort to support fusion power producers and the sector’s supply chain.
On March 17th, the Fusion Industry Association (FIA) submitted feedback to the European Commission’s public consultation on the upcoming EU Startup and Scaleup Strategy. The Strategy, set to be adopted this year, is expected to address the difficulties that European start-ups and scale-ups face in accessing capital, markets, services, infrastructure as well as talent needed to enable them to thrive in Europe and compete globally.
Marvel Fusion raises €113mn in latest funding round.
On March 26th, the Fusion Industry Association (FIA) sent a letter to Dr. Kung, Acting Director of the Office of Science and Deputy Director for Science Programs at the U.S. Department of Energy, urging the prioritization of commercializing fusion energy in the United States in the FY25 budget.
On Wednesday, March 19th, FIA CEO Andrew Holland joined a webinar hosted by the International Atomic Energy Agency (IAEA), where he presented several FIA reports, including the 2024 Global Fusion Industry Report, 2024 Supply Chain Report, and Fusion Workforce Report. The session not only provided a snapshot of the FIA’s work and priorities in the sector but also offered a deeper dive into the latest industry developments.
Commonwealth Fusion Systems (CFS) marked a major milestone, announcing the installation of a key component of its SPARC demonstration machine.
Focused Energy signed a preliminary agreement with German utility RWE and the state of Hesse to build a laser-based fusion pilot plant at Biblis, a decommissioned fission facility.
Thea Energy announced the successful operation of their technology with results that validate their stellarator fusion approach.
Fusion was front and center at CERAWeek in Houston, as events and talks showcased the accelerating path of fusion to commercialization. Hosted by S&P Global from March 10-14 this year, CERAWeek is one of the largest global energy conferences that convenes energy experts, policymakers, and industry leaders to discuss the future of energy. This year’s surge in fusion representation at the conference marks a strong signal that fusion is entering mainstream energy industry discussions.
On March 18, the Fusion Industry Association (FIA) submitted a response to Japan’s Cabinet Office on their recently released draft paper on the “Basic Approach to Ensuring Safety for Realization of Fusion Energy.” The paper acts as a draft framework for the regulation of fusion energy in Japan.