Canadian Nuclear Laboratories (CNL) hosted Fusion Day 2024 attended by international leaders in fusion science and technology and unveiled its “Fusion Energy for Canada” report outlining a national strategy for fusion.
Oxy Low Carbon Ventures (OLCV), a subsidiary of Occidental, and TAE Technologies announced a partnership to explore the integration of fusion technology into Direct Air Capture (DAC) facilities. The collaboration aims to harness TAE’s fusion energy to provide power to Occidental, marking a significant step for commercial fusion.
Ontario Power Generation (OPG) announced a new collaboration with fusion developer Stellarex Inc. The memorandum will explore suitable sites for the deployment of a stellarator fusion energy device in Ontario. This move could solidify Ontario as a leader in developing the next generation of clean energy, while also bringing in significant economic benefits.
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.
Xcimer has secured $100 million in Series A funding to build a prototype laser system for inertial fusion. This round of investing will support the establishment of a new facility in Denver. This new funding aims to push Xcimer closer to commercializing fusion power.
The United Kingdom Atomic Energy Authority (UKAEA) has signed a memorandum of understanding with Novatron Fusion Group. This partnership aims to accelerate the development and commercialization of fusion energy, utilizing UKAEA’s extensive research capabilities and Novatron’s innovative approaches.
UKAEA awards £9.6m to six organisations for fusion projects.
The UK Department for Energy Security and Net Zero launched a scoping consultation for a National Policy Statement on fusion energy siting.
Japan’s current fusion strategy calls for achieving fusion power generation around 2050. The U.S. and China aim to test power generation by the 2030s, while the U.K. eyes 2040. These targets have prompted Tokyo to accelerate its own plans.
The Japanese government plans to create a new law to support technological development and human resource development in order to bring forward the start of demonstrations of next-generation technology, fusion power generation, to the 2030s.