{"id":5131,"date":"2023-05-17T18:50:55","date_gmt":"2023-05-17T22:50:55","guid":{"rendered":"https:\/\/www.fusionindustryassociation.org\/?p=5131"},"modified":"2023-05-25T11:42:25","modified_gmt":"2023-05-25T15:42:25","slug":"fusion-industry-association-releases-supply-chain-report","status":"publish","type":"post","link":"https:\/\/www.fusionindustryassociation.org\/fusion-industry-association-releases-supply-chain-report\/","title":{"rendered":"Fusion Industry Association Releases Supply Chain Report"},"content":{"rendered":"\n<p><strong>Report Finds Billions in Opportunities in the Fusion Supply Chain, Calls for More Investment<\/strong><\/p>\n\n\n\n<ul>\n<li>Fusion companies spent over $500 million on their supply chain in 2022<\/li>\n\n\n\n<li>Supply chain spending set to grow to over $7 billion by \u201cFirst of a Kind\u201d power plant<\/li>\n\n\n\n<li>Over half of fusion companies say suppliers need to invest now to meet scaling ambitions<\/li>\n\n\n\n<li>But suppliers reluctant without firm commitments<\/li>\n<\/ul>\n\n\n\n<p><strong>WASHINGTON \u2013 <\/strong>The Fusion Industry Association (FIA) today released a report &#8211; <a href=\"https:\/\/www.fusionindustryassociation.org\/news\/from-the-fia\/#industry-reports\" target=\"_blank\" rel=\"noreferrer noopener\">The Fusion Industry Supply Chain: Opportunities and Challenges<\/a> \u2013 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.<\/p>\n\n\n\n<p>The survey of 26 private fusion companies and 34 supplier companies (all FIA affiliate members) calculated that the supply chain was worth over $500 million in 2022. That figure is set to increase to over $7 billion by the time companies build their \u201cFirst of a Kind\u201d power plants and when the fusion industry reaches maturity, the supply chain is predicted to be worth trillions of dollars.<\/p>\n\n\n\n<p>However, fusion companies are getting signals from suppliers that they are reluctant to make the necessary investment right now. Seventy percent of fusion companies said their suppliers see building the capacity to meet future demand as too risky without committed orders.<\/p>\n\n\n\n<p>\u201cThe projected growth of the fusion industry creates a huge business opportunity for current and new suppliers,\u201d says Andrew Holland, CEO of the FIA. \u201cIt is clear more long-term certainty is needed \u2013 through a mix of finance, regulation, risk-sharing mechanisms, and more communication \u2013 so suppliers are prepared to scale ahead of industry need.<\/p>\n\n\n\n<p>\u201cThe fusion supply chain has a unique advantage as it is not reliant on rare materials only found in unstable countries, but on high quality manufacturing and specialist components that come from open economies. With appropriate private and public investment, fusion energy will one day provide a sustainable, reliable, and abundant form of clean energy to communities around the world.\u201d<\/p>\n\n\n\n<p>The report makes several recommendations to address supplier reluctance:<\/p>\n\n\n\n<ul>\n<li>Increase investment, both public and private, into fusion to give confidence about the necessity of supplier scale.<\/li>\n\n\n\n<li>Experiment with risk-sharing financing to enable suppliers to invest in new capacity \u2013 such as through fusion investors making investments in key suppliers.<\/li>\n\n\n\n<li>Create online networks and an annual supplier event, to help communication and awareness between fusion companies and suppliers.<\/li>\n\n\n\n<li>Deploy standardisation and regulation to bring more certainty to the supply chain and confidence to make long-term investments.<\/li>\n<\/ul>\n\n\n\n<p><a href=\"https:\/\/www.fusionindustryassociation.org\/news\/from-the-fia\/#industry-reports\" target=\"_blank\" rel=\"noreferrer noopener\">The full report can be downloaded here.<\/a><\/p>\n\n\n\n<p><strong>About the research<\/strong><\/p>\n\n\n\n<p>The FIA asked its member companies to share their current supply chain spend, structure and predicted future needs, as well as their views on the challenges. The results are derived from responses from 26 private fusion companies, as well as responses from 34 FIA affiliate member companies who are currently contributing to the fusion industry supply chain.<\/p>\n\n\n\n<p><strong>About the Fusion Industry Association (FIA)<\/strong><\/p>\n\n\n\n<p>The FIA is the unified voice of the new fusion industry and a central point for coordination across the fusion community to support accelerated growth.<\/p>\n\n\n\n<p><strong>For further information, please contact:<\/strong><\/p>\n\n\n\n<p>Caroline Anderson<\/p>\n\n\n\n<p>Manager for Outreach<\/p>\n\n\n\n<p>Fusion Industry Association<\/p>\n\n\n\n<p>caroline@fusionindustryassociation.org<\/p>\n\n\n\n<p><strong>In the news<\/strong><\/p>\n\n\n\n<ul>\n<li><strong>Reuters:<\/strong> <a href=\"https:\/\/www.reuters.com\/business\/energy\/first-nuclear-fusion-plants-need-7-bln-supply-chain-survey-2023-05-17\/\" target=\"_blank\" rel=\"noreferrer noopener\">First nuclear fusion plants to need $7bn supply chain<\/a><\/li>\n\n\n\n<li><strong>The Engineer: <\/strong>Suppliers need to get fusion ready to reap significant rewards<\/li>\n\n\n\n<li><strong>POWER:<\/strong> <a href=\"https:\/\/www.powermag.com\/press-release\/?pr=more-investment-needed-to-scale-fusion-supply-chain-finds-industry-study-1684332534\" target=\"_blank\" rel=\"noreferrer noopener\">More investment needed to scale fusion supply chain<\/a><\/li>\n\n\n\n<li><strong>Tech Times:<\/strong> <a href=\"https:\/\/www.techtimes.com\/articles\/291632\/20230517\/companies-spend-7-billion-first-nuclear-fusion-plants-report.htm\" target=\"_blank\" rel=\"noreferrer noopener\">Companies to Spend $7 Billion on First Nuclear Fusion Plants: Report<\/a><\/li>\n\n\n\n<li><strong>World Nuclear News:<\/strong> <a href=\"https:\/\/www.world-nuclear-news.org\/Articles\/Fusion-supply-chain-needs-confidence-to-invest,-sa\" target=\"_blank\" rel=\"noreferrer noopener\">Fusion supply chain needs confidence to invest, says FIA<\/a><\/li>\n\n\n\n<li><strong>Nuclear Engineering International:<\/strong> <a href=\"http:\/\/www.neimagazine.com\/news\/newsfia-launches-new-report-on-supply-chains-10862149\" target=\"_blank\" rel=\"noreferrer noopener\">FIA launches new report on supply chains<\/a><\/li>\n\n\n\n<li><strong>Power Engineering International<\/strong>: <a href=\"https:\/\/www.powerengineeringint.com\/nuclear\/fusion-energy-boom-to-yield-big-business-opportunities-report\/\" target=\"_blank\" rel=\"noreferrer noopener\">Fusion energy boom to yield big business opportunities \u2013 report<\/a><\/li>\n\n\n\n<li><strong>NUCNET<\/strong>: <a href=\"https:\/\/www.nucnet.org\/news\/supply-chain-could-potentially-be-worth-trillions-of-dollars-says-industry-group-5-4-2023\" target=\"_blank\" rel=\"noreferrer noopener\">Supply Chain Could Potentially Be Worth Trillions Of Dollars, Says Industry Group<\/a><\/li>\n\n\n\n<li><strong>Syndicated:<\/strong> <a href=\"https:\/\/www.foxbusiness.com\/economy\/first-nuclear-fusion-power-plants-need-7-billion-supply-chain-survey-finds\" target=\"_blank\" rel=\"noreferrer noopener\">Fox Business<\/a>, <a href=\"https:\/\/www.nasdaq.com\/articles\/first-nuclear-fusion-plants-to-need-$7-bln-supply-chain-survey\" target=\"_blank\" rel=\"noreferrer noopener\">NASDAQ<\/a>, <a href=\"https:\/\/energycentral.com\/news\/first-nuclear-fusion-plants-need-7-bln-supply-chain-survey\" target=\"_blank\" rel=\"noreferrer noopener\">Energy Central<\/a>, <a href=\"https:\/\/www.techtimes.com\/articles\/291632\/20230517\/companies-spend-7-billion-first-nuclear-fusion-plants-report.htm\" target=\"_blank\" rel=\"noreferrer noopener\">Tech Times<\/a>, <a href=\"https:\/\/consent.yahoo.com\/v2\/collectConsent?sessionId=3_cc-session_30fd858c-f90b-447e-82df-eb250f693f89\" target=\"_blank\" rel=\"noreferrer noopener\">Yahoo<\/a>, <a href=\"https:\/\/www.brecorder.com\/trends\/fusion-industry-association\" target=\"_blank\" rel=\"noreferrer noopener\">Business Recorder<\/a>, <a href=\"https:\/\/www.saltwire.com\/atlantic-canada\/business\/first-nuclear-fusion-plants-to-need-7-billion-supply-chain-survey-100854285\/\" target=\"_blank\" rel=\"noreferrer noopener\">Atlantic Canada \/ Saltwire<\/a>, <a href=\"https:\/\/money.usnews.com\/investing\/news\/articles\/2023-05-17\/first-nuclear-fusion-plants-to-need-7-billion-supply-chain-survey\" target=\"_blank\" rel=\"noreferrer noopener\">US New &amp; World Report<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The Fusion Industry Association (FIA) today released a report &#8211; The Fusion Industry Supply Chain: Opportunities and Challenges \u2013 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.<\/p>\n","protected":false},"author":6,"featured_media":5132,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_price":"","_stock":"","_tribe_ticket_header":"","_tribe_default_ticket_provider":"","_tribe_ticket_capacity":"0","_ticket_start_date":"","_ticket_end_date":"","_tribe_ticket_show_description":"","_tribe_ticket_show_not_going":false,"_tribe_ticket_use_global_stock":"","_tribe_ticket_global_stock_level":"","_global_stock_mode":"","_global_stock_cap":"","_tribe_rsvp_for_event":"","_tribe_ticket_going_count":"","_tribe_ticket_not_going_count":"","_tribe_tickets_list":"[]","_tribe_ticket_has_attendee_info_fields":false,"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[50,60],"tags":[4,5,46],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Fusion Industry Association Releases Supply Chain Report - Fusion Industry Association<\/title>\n<meta name=\"description\" content=\"WASHINGTON \u2013 The Fusion Industry Association (FIA) today released a report - The Fusion Industry Supply Chain: Opportunities and Challenges \u2013 analyzing the current fusion supply chain and projecting a huge growth in demand for fusion suppliers over the coming years. 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