The Fusion Industry Association (FIA) and International Atomic Energy Agency (IAEA) have announced a partnership to work together on efforts accelerating commercial fusion. IAEA Director General Rafael Grossi and FIA Chief Executive Officer Andrew Holland signed the agreement on November 6 in Rome, alongside the inaugural World Fusion Energy Group meeting.
On November 6, government ministers, senior officials, and fusion industry leaders from across the globe gathered in Rome for the inaugural meeting of the World Fusion Energy Group (WFEG). Co-organized by the International Atomic Energy Agency (IAEA) and the Italian government, the event highlighted the growing international efforts in commercializing fusion power.
Government and industry leaders from around the world gathered in Rome for the inaugural ministerial meeting of the World Fusion Energy Group (WFEG), underscoring the growing interest and progress in developing fusion technology to provide a clean, safe, and limitless source of energy.
On November 5, FIA CEO Andrew Holland testified before the Italian Chamber of Deputies, Committee on Economic Activities, Trade and Tourism, and Committee on Environment, Territory and Public Works in their “Fact-finding investigation into the role of nuclear energy in the energy transition and the decarbonization process” on behalf of the Fusion Industry Association.
In their research paper “What Fusion Energy Can Learn From Biotechnology,” MIT professors Andrew W. Lo and Dennis G. Whyte propose five initiatives for accelerating progress in fusion based on lessons learned from the last 50 years of biotechnology industry history. Their insights provide a practical roadmap for stakeholders in the fusion energy sector.
In the view of a growing number of leaders in the tech industry – including Bill Gates and Vinod Khosla – commercial fusion is the key to securing vast amounts of clean power.
Finland’s VTT research institution has been selected as the first-ever foreign partner for a U.S.’ Advanced Research Projects Agency – Energy (ARPA-E) project focused on commercial fusion energy.
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.
Commonwealth Fusion Systems has received state approval to process, use, and store radioactive materials at its site.
The UAE is acting strategically to secure its future in the fusion era. It has identified fusion as a critical element of its investment strategy — as important as artificial intelligence, space, and renewables.