Ahead of their Global Emerging Technology Summit on September 16, 2022, the Special Competitive Studies Project released their first report as the culmination of 30 meetings from October 2021 until August 2022, involving over 225 experts (government officials, technologists, academic leaders, and others).
The Mid-Decade Challenges to National Competitiveness report seeks to synthesize the information gathered from those meetings into actionable plans for the future. Notably, it highlights fusion energy as a key component in the new wave of innovative technology, and as a transformative means of achieving a zero-carbon future, upending energy geopolitics, mitigating reliance on foreign energy markets, and benefiting a multitude of other fields, including some currently unpredictable. The report underlines the importance of recent scientific breakthroughs on track to achieve this; “significant progress in fusion machines capable of producing more energy than they consume indicates that practical fusion power generation may finally be within reach in the next decade” (179).
Furthermore, the report goes on to note that, specifically, the race among US fusion firms to achieve a net positive “could catalyze a world-leading fusion energy industry that addresses long-term national security and climate goals” (179). New sources of energy generation, coupled with national energy storage objectives, is high in demand. Because of this, “continued US investment in the development of novel energy storage technologies… will only grow in strategic importance” (179-180).