Opinions | The world-changing ‘killer app’ for AI could be nuclear fusion
The goal of limitless clean energy is now clearly on the horizon, thanks to AI accelerating research.
It Is Finally, Possibly, Almost Time for Fusion
There’s a reason they call a seemingly impossible technological reach a “moonshot.” Over the years, the term has been used to refer to virtual reality, self-driving cars, and biometric identification such as DNA fingerprinting. Now, it’s fusion’s turn.
U.S. Department of Energy Announces $4.6m in 2024 INFUSE Public-Private Partnership Awards
On August 8, the U.S. Department of Energy awarded $4.6 million in 17 public-private partnership awards through the Innovation Network for Fusion Energy (INFUSE) program, further driving fusion acceleration by collaboration between industry, national labs, and universities.
Total investment in fusion industry tops $7.1bn shows FIA
The fusion industry has attracted over $900 million in new funding over the past year, the Fusion Industry Association’s (FIA) latest annual update reports.
Bezos-Backed Nuclear Fusion Company Raises $15 Million for Demo
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.
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
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
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
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.
State grants Everett-based Helion a fusion energy license
The Washington State Department of Health has granted Helion a Large Broad Scope license. This will allow Helion to operate its fusion machine Polaris, aiming to demonstrate fusion electricity production.