NJ plans $49M plasma lab in Princeton with SOSV, PPPL
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NJ plans $49M plasma lab in Princeton with SOSV, PPPL

New Jersey has announced a $49 million investment to launch HAX Plasma Forge, a new strategic innovation center focused on commercializing plasma research. The facility will be developed in partnership by New Jersey Economic Development Authority (NJEDA), SOSV, and Princeton Plasma Physics Laboratory (PPPL).

FIA Sends Letter to Congress on Support for Fusion in Tax Policy to Ensure Fairness, Innovation, and Global Competitiveness
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FIA Sends Letter to Congress on Support for Fusion in Tax Policy to Ensure Fairness, Innovation, and Global Competitiveness

On May 14th, the Fusion Industry Association (FIA) sent a letter to Congress addressing the current draft of reconciliation legislation passed by the House Ways and Means Committee. The legislation overlooks a critical opportunity to support American innovation and energy security by advancing the growth of fusion energy as a source of safe, secure, and abundant energy. Congress could slow the deployment of fusion in the U.S. if they choose to sunset the Inflation Reduction Act’s (IRA) technology-neutral investment tax credit (48E) and production tax credit (45Y), continue to exclude fusion components from the advanced manufacturing production credits (45X) of the Internal Revenue Code, and end the transferability of these credits. The letter emphasizes the importance of maintaining the credits to secure fusion deployment in the U.S., ensuring innovation and energy leadership.

Fusion must be a national priority for the future of US energy security
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Fusion must be a national priority for the future of US energy security

“At a time when Washington is focused on budget cuts and government downsizing, one investment remains non-negotiable for America’s future: fusion energy.” Dr. Suresh Garimella, president of the University of Arizona, and Dr. Tomás Díaz de la Rubia, senior vice president for research and innovation, urge fusion prioritization in an op-ed for The Hill.

FIA Urges Prioritization of Commercializing Fusion Energy in U.S. FY25 Budget
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FIA Urges Prioritization of Commercializing Fusion Energy in U.S. FY25 Budget

On March 26th, the Fusion Industry Association (FIA) sent a letter to Dr. Kung, Acting Director of the Office of Science and Deputy Director for Science Programs at the U.S. Department of Energy, urging the prioritization of commercializing fusion energy in the United States in the FY25 budget.

FIA Sends Letter to Congress on Expanding 45X Tax Credit Eligibility
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FIA Sends Letter to Congress on Expanding 45X Tax Credit Eligibility

On March 11, the Fusion Industry Association (FIA) sent a letter to Congress urging expansion of the advanced manufacturing production credit under § 45X of the Internal Revenue Code beyond renewables to include fusion energy technologies. As the U.S. faces surging energy demands driven by advancements in artificial intelligence, data centers, digital infrastructure and robust industrial and manufacturing growth, it is imperative that Congress invests in innovative, reliable, next-generation energy solutions like fusion. Supporting the domestic fusion energy supply chain will make sure that technology invented in America will be built in America.

Fusion Nexus: Advancing Japan-US Partnership
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Fusion Nexus: Advancing Japan-US Partnership

On February 27, the Fusion Industry Association, Embassy of Japan, and Japan Fusion Energy Council (J-Fusion) hosted the event “Fusion Nexus: Advancing Japan-US Partnership.” The event followed the FIA’s two-day Annual Policy Conference, a space for leaders in government, industry, science, and academia to come together and discuss ways to accelerate the path to fusion commercialization. 

The Fusion Energy Caucus Takes the Stage

The Fusion Energy Caucus Takes the Stage

On Wednesday afternoon at the FIA Annual Policy Conference, the bipartisan U.S. House Fusion Energy Caucus co-chairs reaffirmed their commitment to accelerating commercial fusion deployment. Reps. Chuck Fleischmann (R-TN), Don Beyer (D-VA), Jay Obernolte (R-CA), and Lori Trahan (D-MA) lead the Caucus, which works to further advance government activity in support of developing fusion power in the US.

Chris Wright Discusses Fusion Energy During Hearing to Consider His Nomination as U.S. Secretary of Energy
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Chris Wright Discusses Fusion Energy During Hearing to Consider His Nomination as U.S. Secretary of Energy

The hearing to consider the nomination of Chris Wright to be Secretary of Energy happened on Wednesday, January 15th, in the U.S. Senate. Wright is President-elect Donald Trump’s pick to be Secretary of Energy, and would lead the Department of Energy (DOE) if sworn in. Wright is the CEO of Liberty Energy, an oilfield services firm, and studied fusion energy at MIT. He brings both an engineering and entrepreneurial background to the position.