FIA Launches Policy Vision for UK Commercial Fusion
UK can lead £31 trillion Global Fusion Industry, but government needs to act now to attract fusion companies, says Fusion Industry Association.
FIA Launches 2024 Global Fusion Industry Report
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.
Fusion Industry Investment Passes $6bn
The Fusion Industry Association (FIA) released its third annual industry report ‘The Global Fusion Industry in 2023’ on July 12, unveiling worldwide findings from an electrifying year of the fusion industry’s development. 43 private fusion companies were surveyed for the report, ranging from fusion industry giants to new entrants with bold visions, committed to addressing the challenges that remain ahead for commercialization.
Fusion Industry Association Releases Supply Chain Report
The Fusion Industry Association (FIA) today released a report – The Fusion Industry Supply Chain: Opportunities and Challenges – analyzing the current fusion supply chain and projecting a huge growth in demand for fusion suppliers over the coming years. The report also found limited concern about geopolitical supply risk and a reluctance amongst suppliers to make the investments needed without firm commitments.
Fusion Energy Breakthrough Makes Global Headlines
On December 13, the U.S. Department of Energy announced the achievement of net fusion power for the first time on Earth, making headlines.
Fusion Energy Breakthrough: FIA Applauds Scientists For Record Fusion Results
The Fusion Industry Association (FIA) today released a statement applauding the recent breakthrough at the National Ignition Facility (NIF).
The global fusion industry in 2022 report: In the news
The FIA’s The global fusion industry in 2022 report launch on July 14 broke the news of massive increases in investment for fusion companies around the world. Members of the press were active and interested in the progress of the fusion industry and the report gathered much attention from domestic and international news outlets. Below…
DOE Announces $175 Million for Novel Clean Energy Technology Projects, Including Fusion
The U.S. Department of Energy (DOE) today announced $175 million for 68 research and development projects aimed at developing disruptive technologies to strengthen the nation’s advanced energy enterprise. Led by DOE’s Advanced Research Projects Agency-Energy (ARPA-E), the OPEN 2021 program prioritizes funding high-impact, high-risk technologies that support novel approaches to clean energy challenges. The selected…
Support for Fusion Energy in the House-passed Build Back Better Legislation
The FIA applauds the U.S. House of Representatives for passing HR5376, the Build Back Better Act, because it will make transformative investments into fusion energy research, development, and deployment as a part of the legislation’s climate and energy provisions. The Build Back Better infrastructure package includes, among other sections, significant new investments into clean energy…
FIA Disappointed Bipartisan Infrastructure Package Excludes Fusion Financing
On Wednesday, July 28, the Senate voted to move in a bipartisan way to debate passage of an infrastructure package. The Fusion Industry Association and its member companies have made a clear case to Congress that supporting fusion energy is not just an investment in the future. Investing in fusion will create new, good jobs…