US Expands the Qualifying Advanced Energy Project Credit to Accelerate Clean Energy Technologies
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US Expands the Qualifying Advanced Energy Project Credit to Accelerate Clean Energy Technologies

ByCaroline

In a notice released on May 31, 2023, the U.S. Department of the Treasury and the Internal Revenue Service (IRS) provided further technical guidance on the application process for the Qualifying Advanced Energy Project Credit (Section 48C of the Internal Revenue Code). The first round of the expanded 48C tax credit program will strengthen the supply chains for fusion-related technologies to address remaining challenges for fusion commercialization, such as the manufacturing of superconducting magnets, plasma-facing components, and diagnostics.

Department of Energy Announces Milestone Public-Private Partnership Awards
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Department of Energy Announces Milestone Public-Private Partnership Awards

ByAndrew

On May 31, 2023, the United States Department of Energy announced the first round of awardees of the milestone-based public private partnership program. Congratulations to the awardees, all FIA members: Commonwealth Fusion Systems, Focused Energy, Princeton Stellarators, Realta Fusion, Tokamak Energy, Type One Energy Group, Xcimer Energy, and Zap Energy.

Germany Publishes Memorandum on Laser Inertial Fusion Energy
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Germany Publishes Memorandum on Laser Inertial Fusion Energy

ByCaroline

Germany’s Federal Ministry of Education and Research (BMBF) published a memorandum on inertial fusion energy (IFE) in May 2023. An expert panel of scientists analyzed the status of fusion energy, its position in Germany, and its unparalleled potential in the global clean energy transition. In their report, they give high level recommendations, listed below, to ensure Germany’s position as a global leader in fusion development.

FusionXInvest Webinar: Is Fusion Energy Ready for Institutional Investors?

FusionXInvest Webinar: Is Fusion Energy Ready for Institutional Investors?

ByAndrew

In a webinar on Thursday, April 20, before May’s FusionXInvest event in London, Andrew Holland, FIA CEO; Randall Volberg, Founder and VP Business Development at Type One Energy; Mark White, Investment Director at Future Planet Capital; and Dr. Melanie Windridge, CEO of Fusion Energy Insights; had a discussion on fusion energy’s readiness for mainstream institutional…

Fusion Energy Action Plan Outlined in Special Competitive Studies Project Report

Fusion Energy Action Plan Outlined in Special Competitive Studies Project Report

ByAndrew

The Special Competitive Studies Project (SCSP) published an Interim Panel Report, Harnessing the New Geometry of Innovation, laying out actions for the U.S. to strategically position itself as a long-term leader of fusion energy acceleration and commercialization. The report is the fourth interim panel report using the work collected by the SCSP over the past…