{"id":7139,"date":"2024-07-02T12:34:53","date_gmt":"2024-07-02T16:34:53","guid":{"rendered":"https:\/\/www.fusionindustryassociation.org\/?p=7139"},"modified":"2024-07-02T12:38:06","modified_gmt":"2024-07-02T16:38:06","slug":"fia-launches-2024-supply-chain-report","status":"publish","type":"post","link":"https:\/\/www.fusionindustryassociation.org\/fia-launches-2024-supply-chain-report\/","title":{"rendered":"FIA Launches 2024 Supply Chain Report"},"content":{"rendered":"\n<p>On July 2, the Fusion Industry Association launched our 2024 <em>Supply Chain Report<\/em> as an updated version from last year. The report surveys fusion developers and suppliers to get a snapshot of where the supply chain stands as the fusion industry grows. Designed to capture and analyze trends, challenges, and opportunities within the industry, this report serves as a resource to better understand the web of supply and demand in fusion energy, and to guide investment and policy strategy to support the realization of commercial fusion power at scale.<\/p>\n\n\n\n<p>This year&#8217;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.<\/p>\n\n\n\n<p><strong>Key findings of this report:<\/strong><\/p>\n\n\n\n<ul>\n<li><strong>Increased supply chain spend<\/strong> &#8211; 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.<\/li>\n\n\n\n<li><strong>Project growth for 2024<\/strong> &#8211; Fusion companies reported plans to spend 21% more on their supply chain in 2024 vs 2023<\/li>\n\n\n\n<li><strong>Challenges and risks<\/strong> &#8211; A variety of critical components were highlighted as having current or future supply risks, including cryogenic devices, HTS wire, power electronics, and vacuum chambers.<\/li>\n\n\n\n<li><strong>Investing capacity<\/strong> &#8211; 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.<\/li>\n\n\n\n<li><strong>Expansion plans<\/strong> &#8211; 100% of supply chain respondents plan to expand their work with fusion companies over 2024.<\/li>\n\n\n\n<li><strong>Need for long-term financial and policy certainty<\/strong> &#8211; 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.<\/li>\n<\/ul>\n\n\n\n<p>The 2024 <em>Supply Chain Report<\/em> 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.<\/p>\n\n\n\n<p>You can download and read the <a href=\"https:\/\/www.fusionindustryassociation.org\/fusion-industry-reports\/\">full report.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On July 2, the Fusion Industry Association launched our 2024 Supply Chain Report as an updated version from last year. The report surveys fusion developers and suppliers to get a snapshot of where the supply chain stands as the fusion industry grows. Designed to capture and analyze trends, challenges, and opportunities within the industry, this report serves as a resource to better understand the web of supply and demand in fusion energy, and to help guide investment and policy strategy to support the accelerating fusion industry.<\/p>\n","protected":false},"author":6,"featured_media":7140,"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":[136,4,5,161,162],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>FIA Launches 2024 Supply Chain Report - Fusion Industry Association<\/title>\n<meta name=\"description\" content=\"On July 2, the Fusion Industry Association launched our 2024 Supply Chain Report as an updated version from last year. 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