The U.S. Department of Energy’s Office of Science Fusion Energy Sciences (FES) program has released its Building Bridges Vision to define the program’s strategy to bridge the growing private fusion industry and public programs.
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.
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 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.
The United States launched its Fusion Energy Strategy 2024 at a White House Summit on June 6, marking two years since the launch of the Bold Decadal Vision for Commercial Fusion Energy.
On June 6, the Fusion Industry Association (FIA) joined the White House and U.S. Department of Energy (DOE) for the White House Summit: Marking Two Years of the Bold Decadal Vision for Commercial Fusion to provide updates on the path to commercialization and discuss remaining challenges and strategies for greater collaboration between public and private sectors.
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.