Germany’s Marvel Fusion raises €113mn as nuclear fusion race heats up
Marvel Fusion raises €113mn in latest funding round.
FIA Urges Prioritization of Commercializing Fusion Energy in U.S. FY25 Budget
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.
FIA CEO Andrew Holland Highlights Key Reports at IAEA Fusion Webinar
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.
Bill Gates-backed Commonwealth Fusion Systems hits key reactor construction milestone
Commonwealth Fusion Systems (CFS) marked a major milestone, announcing the installation of a key component of its SPARC demonstration machine.
Fusion energy startup Focused signs agreement with RWE, German state
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 Hits Milestone in Quest to Simplify Fusion
Thea Energy announced the successful operation of their technology with results that validate their stellarator fusion approach.
Fusion Goes Big at CERAWeek
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.
FIA Responds to Japan’s Cabinet Office on the “Basic Approach to Ensuring Safety for Realization of Fusion Energy” Draft Paper
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.
Fusion energy: Unlocking the power of the stars
CBS covers the latest in fusion advancements.
How the U.S. is losing ground to China in nuclear fusion, as AI power needs surge
China and the U.S. are in a race to create the first grid-scale nuclear fusion energy. After decades of U.S. leadership, China is catching up by spending twice as much and building projects at record speed.