The United States is at an inflection point in its pursuit of commercial fusion energy. To meet the goal of deploying fusion power within the next decade, the current federal funding levels and priorities are insufficient. While the U.S. has been a leader in fusion research, countries like China are dramatically increasing their efforts, putting…
Chancellor of the Exchequer Rachel Reeves announced the United Kingdom’s Autumn Budget 2024 on October 30, outlining key provisions and missions for “Rebuilding Britain” and areas of targeted government support going forward. The budget notes a heavy emphasis on greater support for “Innovation,” including fusion energy.
General Fusion Inc. has secured C$20 million ($14.6 million) from Canadian Nuclear Laboratories and the Business Development Bank of Canada to advance its fusion technology, aiming to demonstrate the feasibility of its Lawson Machine 26 by next year.
Fusion companies are seeing significant growth, despite steep technical hurdles to overcome before this technology can deliver energy at scale, a new report finds.
The fusion industry has now attracted over $7.1bn of investment, according to an annual report by the Fusion Industry Association (FIA), with over $900 million of new funds backing the technology since last year. As part of that, total public funding increased by 57% in the last 12 months to $426m, showing governments increasingly see public-private partnerships as central to making commercial fusion a reality.
The United Kingdom is a world leader in fusion energy – a source of potentially unlimited strategically secure and affordable, low-carbon energy. Once commercialised, fusion is perhaps the ultimate energy source: zero carbon at the point of generation, energy dense, and with abundant fuels. As the UK general election draws closer, the Fusion Industry Association is delighted to have worked with The Fusion Cluster to lay out the importance of the fusion sector to the UK and issue key asks of incoming Parliamentarians and Ministers. Commercial fusion’s contributions to energy security, the economy, and to science & innovation represent a huge and imminent opportunity.
The global race to commercial fusion power is on. On June 24, the Fusion Industry Association launched our Commercializing Fusion Energy paper, laying out the policy incentives that will attract and accelerate the fusion industry in nations that aim to lead in commercial deployment. This paper is intended to be used as a tool by policymakers when considering the most effective policy positions to implement.
The U.S. Department of Energy has launched an innovative initiative Fusion Innovation Research Engine (FIRE) Collaboratives to establish collaborative networks that bridge the gap between fusion research and industry.
The U.S. Department of Energy (DOE) released a Request for Information (RFI) on a proposed Fusion Energy Public-Private Consortium Framework (PPCF). The PPCF aims to build on other initiatives within the U.S. Fusion Strategy, including the Milestone Program and FIRE Collaboratives, to catalyze partnerships to accelerate fusion commercialization.