This year’s report finds an increase in supply chain spending, investment opportunities, specific technological and material constraints, and plans by supplier companies to expand their collaboration with fusion developers over the course of the year. The report also shows there is still a need for greater long term certainty around financing and policy to give suppliers the confidence to scale up and meet the future needs of the fusion industry.

Key findings of this report:

• Increased supply chain spend – 2023 saw a growth in reported supply chain spend. The reported figure of $484,900,000 in 2022 grew to $612,184,500 in 2023. This is a significant undercount since not all companies provided spend data.
• Project growth for 2024 – Fusion companies reported plans to spend 21% more on their supply chain in 2024 vs 2023
• Challenges and risks – A variety of critical components were highlighted as having current or future supply risks, including cryogenic devices, HTS wire, power electronics, and vacuum chambers.
• Investing capacity – 77% of our fusion supply chain member companies are investing in growing their capacity to support the fusion industry, with investments ranging from tens of thousands to several million.
• Expansion plans – 100% of supply chain respondents plan to expand their work with fusion companies over 2024.
• Need for long-term financial and policy certainty – Greater long term certainty around financing and policy is still needed to give the supply chain confidence to scale up to meet future needs of the fusion industry.

The 2024 Supply Chain Report highlights the critical role of diverse and robust supply chains in achieving commercial fusion power at scale. As we look forward to a future powered by fusion, supply insights will help guide key industry and policy decisions, ensuring a resilient, innovative, and expansive supply network to support the accelerating industry.

You can download and read the full report.

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The Inflation Reduction Act (IRA) is changing existing renewable energy tax credits into a technology neutral tax credit that supports any facility that does not produce greenhouse gases. Starting January 1, 2025, these will transition to the Clean Electricity Production Credit (section 45Y) and the Clean Electricity Investment Credit (section 48E) for new projects.

On May 29, the Treasury and IRS announced the proposed rule on how this tax credit would be implemented.

Last year, the Fusion Industry Association submitted comment letters advocating for the inclusion of fusion energy in these new credits.

The proposed rule recognizes a list of several technologies that meet high enough environmental standards to qualify for these credits. The specific types of facilities with a GHG emissions rate of zero or less that would be eligible for these credits include wind, solar, hydropower, geothermal, nuclear fission, fusion energy, and certain types of waste energy.

The explicit inclusion of fusion energy in the IRA tax credits is important in providing certainty to developers and their shareholders about the future development of fusion as a commercial energy source. Furthermore, it is important that fusion energy is recognized as a qualifying technology on its own and not as part of any “Advanced Nuclear” designation. Fusion energy is substantially different from nuclear fission; fusion has different benefits, costs, and risks, thus should receive separate treatment.

The FIA looks forward to submitting formal comments in support of this designation.

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The event featured a number of presentations including FIA member Gauss Fusion, EUROfusion, the Fusion Cluster, Fusion for Energy, and Trinomics. Growing international activity in fusion and the technological progress made in recent years creates new opportunities for the Dutch industry and scientific community that need to be seized.

The FIA team had the opportunity to tour the DIFFER research facility and see their experimental devices enabling plasma-material interactions study. DIFFER researchers explore the concept of using liquid metal layers to protect the walls of future fusion power plants, investigate the complex processes at the edge of fusion plasmas, and gain a better understanding of the physics of plasma instability and turbulence. Thank you DIFFER for organizing!

Dutch Fusion Day came alongside the inaugural Fusion Energy Week – fusion events were held all around the world to celebrate fusion acceleration and increasing development at the technical, policy, and industry levels.

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With the rapid growth of private fusion industry around the world, huge technical progress being made day-by-day in the fusion sector, and the UK government’s longstanding leadership in fusion policy, the coming year is an important time for FIA in the UK. Tris will work to ensure the industry can offer clear and compelling inputs to Government consultations, public discussions, and more. He will directly involve the FIA and its members with already existing forums such as the Fusion Cluster and others.

Tris has long-standing experience in the UK clean-energy sector, including with the UKAEA STEP programme. 

The opportunities offered by private fusion for the UK economy are significant, and Tris will work alongside partners such as the Fusion Cluster to build on the strong foundations already in place. The FIA is a membership organisation consisting of 37 fusion developers from around the world. Two of them are based in the UK, and many others have interests and partnerships with the UKAEA and other institutions in the country. 

“Fusion is a beacon of hope for everyone who cares about the climate. Clean, safe, and large-scale, fusion will form a vital part of the world’s energy mix as we move through the coming years. 

The UK has been at the forefront of fusion for decades. The private sector in the UK is growing, alongside our fantastic colleagues in the public sector. It’s vital that these companies have a focal point for interaction and alignment – and can establish a shared voice to Government, the public, and industry. 

Great things are always achieved through collaboration, and the growth of a global fusion industry will be no different. I’ll be working in the UK, in close alignment with FIA colleagues in the US and elsewhere. My priority is to form deep and trusting relationships with FIA member companies, and to work with all our external stakeholders as we deliver progress toward clean, affordable, commercial fusion.”

Tris Denton, FIA UK Director

“Tris Denton is well-placed to lead the FIA in the UK in a time of important transition in the global fusion industry. The FIA’s work in the UK will be coordinated closely with the FIA’s global presence in Washington, Brussels, and our interests elsewhere around the world. He has my full confidence and I look forward to working with him.”

Andrew Holland, FIA CEO

Tris will continue to work in other roles in the energy sector while supporting FIA.

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The FIA is the unified voice of the fusion industry, working to transform the energy system with commercially viable fusion power. It represents the interests of its members; the private companies that are commercializing clean, safe, available fusion energy.

We are seeking a motivated individual to intern part-time with us, reporting directly to the Manager for Outreach. The successful candidate will be responsible for writing blog posts on developing fusion news, contributing to social media outreach and several website designing and development projects, and will have the opportunity to develop a project related to FIA priorities, based on your personal and professional interests.

Key Responsibilities:

• Writing blog posts based on FIA priorities and fusion news for our website.
• Conducting social media outreach (Twitter and LinkedIn).
• Contributing to the reconfiguring of several FIA website aspects on WordPress. 
• Opportunity to develop a self-led project, based on personal and professional interests, related to FIA priorities in government partnerships, regulations, and/or growing the fusion energy economy.

Requirements:

• Strong writing and communications skills
• Experience in WordPress
• Ability to manage multiple projects and work independently

Location: It is expected that candidates will be based in Washington, DC, for in-person work as needed, although the bulk of the position will be able to be conducted remotely. 

If you are passionate about fusion energy and are interested in learning more about fusion policy, regulatory activity, and industry developments, we encourage you to apply for this opportunity. (Physics and scientific background is not required.)

TO APPLY: Applicants for the role should send a 1.) cover letter and 2.) resume to Caroline Anderson, FIA Manager for Outreach at Caroline@FusionIndustryAssociation.org. Please be prepared to supply references on request.

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The FIA has had EU-based members since its inception, and many members from around the world have engaged in direct partnerships with entities sponsored by EuroFusion and Fusion for Energy, as well as national governments within Europe.

For decades, European scientists have been leaders in the science and development of fusion energy. In recent years, the EU has begun work to design a DEMO fusion power plant, even as work continues on ITER in France. Now, as the fusion energy economy transitions from labs to the marketplace, Europe will have to transition its policies and programs as well. The EU will soon embark on an effort to build new public-private partnerships to support fusion, and the FIA will be eager to support these policies.

As the unified voice of the fusion industry, the Fusion Industry Association is excited to expand its presence in Europe in support of our members and the wider fusion ecosystem. As Director for the EU, Cyrille will be responsible for growing and managing the FIA’s presence in Brussels, implementing the FIA’s strategy and advocacy in the context of the Europes’s fusion ecosystem, and educating stakeholders in industry, politics, and the press about the promise of fusion energy. Cyrille brings with him extensive experience in clean energy, policy, and strategy.

The FIA’s priorities around the world are to build the public-private partnerships that will accelerate fusion, ensure that the regulations of fusion energy are permanently separated from nuclear fission, and ensure that fusion energy gets the same benefits that all other clean technologies receive.

Cyrille Mai Thanh has worked for the past eight years in public affairs in Brussels during which he has developed a strong knowledge on EU policies related to climate and energy. Cyrille brings valuable experience working at Dentons Global Advisors, a leading public affairs consultancy, where he advises corporate clients on a broad range of policy issues. He helps clients navigate the EU political landscape, anticipate regulatory changes, and design advocacy and communication strategies. Cyrille is also founder of the Brussels Sustainability Club, a network gathering over 200 public affairs professionals from across sectors with a common interest in sustainability policies. Cyrille studied European Studies at The Hague University and speaks English, French and Spanish.

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The Fusion Industry Association (FIA) is the unified voice of the fusion industry, working to transform the energy system with commercially viable fusion power. It represents the interests of its members; the private companies that are commercializing clean, safe, available fusion energy.

We are seeking a leader who could be the voice of the private fusion energy industry, reporting directly to the CEO. 

Key Responsibilities:

Requirements:

• Excellent communication and interpersonal skills, with the ability to build and maintain relationships with key stakeholders.
• Strategic thinker with the ability to develop and implement FIA priorities.
• Experience developing political relationships and working with UK Government departments and senior political figures.
• Strong financial acumen, with experience managing budgets and financial performance.
• Experience working independently, with the ability to manage multiple priorities and deliver results.

While the position does not require any scientific experience in fusion research or plasma physics, the successful candidate will be able to demonstrate the ability to distill complex science into simple language. 

Location: It is expected that the position will focus on work in London, but the successful applicant should also be able to work directly with Association members across the UK, particularly in the Oxfordshire area.  

This position is open to both full-time and part-time applicants. We are committed to considering flexible working arrangements.

If you are passionate about fusion energy, are willing to take risks to start new programs, and have a proven track record of success in interpersonal relationships and working independently, we encourage you to apply for this exciting opportunity. 

TO APPLY: Applicants for the role should send a 1.)cover letter and 2.) resume to FIA at FIA@FusionIndustryAssociation.org. Please be prepared to supply references on request. 

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December 5 will be Energy Day at COP28. Representatives of FIA member company Commonwealth Fusion Systems and TAE Technologies will participate in a panel discussion after US Special Envoy for Climate, John Kerry introduces the US’ new international fusion energy engagement strategy. The panel will take place at the Atlantic Council’s Global Energy Forum, happening at the Connect Conference Centre, located in the Opportunity Entrance at the COP28 Green Zone, Expo City Dubai. 

The FIA welcomes the United States’ new international strategy for fusion because it will allow like-minded countries to work together to accelerate fusion commercialization. China is rapidly increasing its efforts on fusion: it’s time for the US to assemble its allies to make sure it wins the race to fusion energy.

Video of the event is streamed live below:

Other fusion events that the FIA is tracking at COP are listed below.

• Dec 1: Panel between IAEA’s Rafael Mariano Grossi, ITER’s Laban Coblenz, and Type One Energy’s Christofer Mowry
• Dec 2: Sustainable Markets Initiative launches a new “Fusion Task Force” to accelerate the commercialisation of fusion energy.  
• Dec 5: Fusion regulatory landscape panel hosted by Energy for the Common Good
• Dec 6: Fusion panel hosted by ECG at the ITER pavilion
• Dec 6: ITER Pavilion, “Transforming How We Energize the World”
• Dec 9: Clean Air Task Force is hosting a fusion panel

The post Fusion Energy Events at COP28 appeared first on Fusion Industry Association.

By including fusion energy as a net-zero technology outlined in the report under Article 3a, the European Parliament’s approach would enhance the possibilities of more funding opportunities for fusion development, including through the Strategic Technologies for European Platform (STEP), currently under negotiation in Brussels.

“The net-zero technologies within the scope of this Regulation shall be… nuclear fission and fusion energy technologies, including nuclear fuel cycle
technologies; (RE 1528 )…”

Article 3a, Consolidated Comprormise Amendment on Net Zero Industry Act (Tabled by EPP, SD, and RE)

The inclusion of fusion energy, and differentiated from nuclear fission, is a significant step and sends a clear message to other institutions that the European Parliament views fusion energy as an important decarbonizing energy source.

About the Net Zero Industry Act (NZIA) legislation process:

The European Commission put forward the Net Zero Industry Act (NZIA) proposal in March 2023, in order to establish a framework of measures to determine which technologies can be considered “net-zero” and contribute to the decarbonization of European industry. The proposal was then sent to the two EU co-legislators, the Council of the EU and the European Parliament (EP). The European Parliament referred the proposal to the Committee on Industry, Research and Energy (ITRE). Rapporteur MEP Christian Ehler (Germany, EPP) drafted a first report of the Commission’s proposal and presented amendments to the initial text. The ITRE Committee then voted on the draft report in October. The European Parliament adopted its official negotiating position on November 21, which now kicks off a period of inter-institutional negotiations with the Council and the Commission. The Council has not yet published its negotiating position, but it is expected in the next few weeks.

A final compromise text will be agreed between the Parliament and the Council, likely before the end of the current mandate (by April 2024).

This page will be updated as the legislative process develops.

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The FIA is the unified voice of the fusion industry, working to transform the energy system with commercially viable fusion power. It represents the interests of its members; the private companies that are commercializing clean, safe, available fusion energy.

We are seeking a motivated individual to intern part-time with us, reporting directly to the Manager for Outreach. The successful candidate will be responsible for writing blog posts on developing fusion news, contributing to social media outreach and several website designing and development projects, and will have the opportunity to develop a project related to FIA priorities, based on your personal and professional interests. The ideal candidate will be working towards a higher-ed degree here in Washington DC, although this can be flexible.

Key Responsibilities:

• Writing blog posts based on FIA priorities and fusion news for our website.
• Conducting social media outreach (Twitter and LinkedIn).
• Contributing to the reconfiguring of several FIA website aspects on WordPress. 
• Helping develop video and podcast series plans, in conjunction with our Fusion News video and podcast series.
• Assisting in executing the FIA Annual Membership Meeting & Conference. (Must be able to attend and help with the DC conference in person in March.)
• Opportunity to develop a self-led project, based on personal and professional interests, related to FIA priorities in government partnerships, regulations, and/or growing the fusion energy economy.

Requirements:

• Strong writing and communications skills
• Experience in WordPress
• Ability to manage multiple projects and work independently
• Can be a current university student or a recent graduate

Location: It is expected that candidates will be based in Washington, DC, for in-person work as needed, although the bulk of the position will be able to be conducted remotely. 

If you are passionate about fusion energy and are interested in learning more about fusion policy, regulatory activity, and industry developments, we encourage you to apply for this opportunity. (Physics and scientific background is not required.)

TO APPLY: Applicants for the role should send a 1.) cover letter and 2.) resume to Caroline Anderson, FIA Manager for Outreach at Caroline@FusionIndustryAssociation.org. Please be prepared to supply references on request.

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