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.
UK can lead £31 trillion Global Fusion Industry, but government needs to act now to attract fusion companies, says Fusion Industry Association.
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.
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.
South Korea announced a government project worth KRW 1.2 trillion with the goal of harnessing fusion power. This new initiative, separate from K-STAR and South Korea’s ITER contributions, will focus on ensuring a private sector led fusion ecosystem in the country. The announcement was made on July 22 during a National Nuclear Fusion Committee meeting, chaired by Minister Lee Jong Ho of the Ministry of Science and ICT.
To lead on fusion energy, the US needs to make strategic, investments. The FIA recommends a one-time supplemental appropriation of $3 billion.
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.
The FIA is delighted to officially release its EU Manifesto “Bringing Fusion To The Grid” aimed to educate European policymakers on the benefits of fusion energy and enabling conditions to accelerate its commercialization in Europe.
The U.S. Department of Energy has reached grant agreements with all eight awardee fusion companies in the Milestone-Based Fusion Development Program. The public-private partnership program supports companies’ efforts to develop pilot plants that will demonstrate fusion’s commercial viability.