FIA Responds to U.S. Department of Energy RFI on Public-Private Consortium Framework
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FIA Responds to U.S. Department of Energy RFI on Public-Private Consortium Framework

As fusion technology transitions from the lab to commercialization, the Fusion Industry Association (FIA) firmly believes in the acceleration that comes with thoughtful private and public sector collaboration. The U.S. Department of Energy’s recent Request for Information (RFI) on the Fusion Energy Public-Private Consortium Framework (PPCF) presents an opportunity to bridge the science and technology gaps crucial for achieving commercial fusion power.

FIA Releases Letter to U.S. Treasury on Clean Energy Tax Credits Inclusion of Fusion 
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FIA Releases Letter to U.S. Treasury on Clean Energy Tax Credits Inclusion of Fusion 

On August 1st, the Fusion Industry Association (FIA) submitted a letter commenting on the Internal Revenue Service’s (IRS) forthcoming guidance on Certain Energy Generation Incentives (Notice 2022-49) as enacted in the Inflation Reduction Act of 2022. This letter represents the consensus view of the FIA that the inclusion of fusion in the § 45Y and § 48E credits would provide critical incentives and certainty as fusion moves to commercialization.

FIA Hosts Seminar Program for Interns
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FIA Hosts Seminar Program for Interns

This summer, the FIA hosted its first-ever summer seminar series, open to interns of all FIA member and affiliate companies. This series aims to expand awareness of fusion development at the policy and industry levels, allowing interns to engage with leaders at the forefront of fusion policy, regulations, investment, and industry.  The series is part of a broader FIA effort to grow a diverse and well-prepared workforce.

FIA Urges Greater Information Sharing in Letter to ITER Director-General Pietro Barabaschi
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FIA Urges Greater Information Sharing in Letter to ITER Director-General Pietro Barabaschi

Since its inception, ITER has been a marker for global scientific collaboration through fusion energy. The process of building and designing ITER has helped train generations of scientists, engineers, and specialists worldwide in cross-cutting fields enabling fusion science. The organization’s impact on showing the fusion ecosystem that it can build big things is important. Today, however, a new momentum is building – within and around the private fusion industry. Over $7 billion has now been invested in private fusion companies. Public-private partnerships are moving ahead, national strategies are launching, international partnerships are forming, regulatory activity is advancing. ITER’s role should evolve in this new fusion energy economy.

Bill Gates-backed Type One Energy lands massive seed extension to commercialize fusion power

Bill Gates-backed Type One Energy lands massive seed extension to commercialize fusion power

Type One Energy announced a fresh $53.5 million in funding. The company had previously raised $29 million in 2023, and the current extension brings the total to around $82.5 million. Bill Gates’s Breakthrough Energy Ventures led the extension, with Australia-based Foxglove Ventures and New Zealand-based GD1 participating.

South Korea Announces KRW 1.2 Trillion to Prioritize Fusion Commercialization
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South Korea Announces KRW 1.2 Trillion to Prioritize Fusion Commercialization

South Korea announced a government project worth KRW 1.2 trillion with the goal of harnessing fusion power. This new initiative, separate from K-STAR and South Korea’s ITER contributions, will focus on ensuring a private sector led fusion ecosystem in the country. The announcement was made on July 22 during a National Nuclear Fusion Committee meeting, chaired by Minister Lee Jong Ho of the Ministry of Science and ICT.

FIA Responds to UK Consultation on National Policy Statement for Fusion Energy
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FIA Responds to UK Consultation on National Policy Statement for Fusion Energy

As developers move closer to commercial fusion it is increasingly necessary to consider the wide array of enablers required to bring fusion power to the grid. The UK government’s consultation on proposed National Policy Statement EN8, ‘Fusion Energy’ is an important step forward for fusion development in the country. Not only will the policy help ensure a smooth and transparent assessment of future project proposals, it also signals – to developers, investors and consumers – that the UK government is today adopting measures to see fusion energy facilities come online.

Gov’t to chase ‘artificial sun’ with $866 million investment in nuclear fusion reactor development

Gov’t to chase ‘artificial sun’ with $866 million investment in nuclear fusion reactor development

The announcement was made by Korea’s Ministry of Science and ICT as part of its new plan to design and develop a fusion machine distinguished from the ongoing Kstar — the Korea Superconducting Tokamak Advanced Research — project and the International Thermonuclear Experimental Reactor (ITER) project.