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.
On June 30, Senator Maria Cantwell, Chair of the Senate Committee on Commerce, Science, and Transportation, sent a letter to Secretary Gina Raimondo, US Department of Commerce, on the importance of power semiconductors being included in the CHIPS for America Fund, based on the need for the growing fusion industry.
The Fusion Industry Association Space Committee operates as an arm of the FIA to support the role of fusion energy in expanding space operations, and has written the following mission statement to help guide their efforts in promoting the development of fusion spacecraft power & propulsion.
On July 1, the Fusion Industry Association appointed Dr Nick Walkden as UK Director. Nick brings with him extensive experience in fusion science and technology, policy, and strategy, developed in both the public and private sectors of the fusion industry.
In a notice released on May 31, 2023, the U.S. Department of the Treasury and the Internal Revenue Service (IRS) provided further technical guidance on the application process for the Qualifying Advanced Energy Project Credit (Section 48C of the Internal Revenue Code). The first round of the expanded 48C tax credit program will strengthen the supply chains for fusion-related technologies to address remaining challenges for fusion commercialization, such as the manufacturing of superconducting magnets, plasma-facing components, and diagnostics.
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.
Japan announced a national strategy for fusion energy industrialization on Friday, April 13, calling for an integration of public and private sector activities towards fusion energy commercialization. The strategy, compiled by the Cabinet Office, lays out the importance of fusion energy as a means to increase energy security, address the climate crisis, and provide its…
The Fusion Industry Association (FIA) hosted our second annual conference on March 29, 2023 in Washington, DC.
On December 13, the U.S. Department of Energy announced the achievement of net fusion power for the first time on Earth, making headlines.
The Fusion Industry Association (FIA) today released a statement applauding the recent breakthrough at the National Ignition Facility (NIF).