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General Fusion announces funding to build new fusion machine targeting scientific breakeven by 2026

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Canada-based General Fusion announced a new Magnetized Target Fusion (MTF) machine that will fast-track the company’s technical progress. An animation showing how General Fusion’s Magnetized Target Fusion technology works. An animation showing how General Fusion’s Magnetized Target Fusion technology works.

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DOE awarding $46M to 8 companies to support commercial fusion energy development

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The US Department of Energy (DOE) announced $46 million in funding ( DE-FOA-0002809 ) to eight companies advancing designs and research and development for fusion power plants. This funding is from the Milestone-Based Fusion Development Program. The awardees are: Commonwealth Fusion Systems (Cambridge, MA). Austin, TX).

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General Fusion receives two funding awards from DOE to advance Magnetized Target Fusion technology

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The US Department of Energy has selected General Fusion for two new funding awards through the Office of Fusion Energy Science’s Innovation Network for Fusion Energy (INFUSE) program. In MTF, a magnetized plasma target formed into a liquid metal flux conserver (liner) is rapidly compressed to fusion conditions.

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Fusion energy company TAE Technologies launches power management subsidiary TAE Power Solutions

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TAE Technologies , the world’s largest private fusion energy company, has spun-out a new subsidiary, TAE Power Solutions. TAE Power Solutions intends to deliver a novel technology to improve fundamentally the reliability, efficiency, longevity, and affordability of electric-powered products, from vehicles to renewable energy storage.

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CNL and General Fusion to partner to advance commercial fusion energy

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Canadian Nuclear Laboratories (CNL), Canada’s premier nuclear science and technology organization, and General Fusion have signed a Memorandum of Understanding (MOU) to pursue a series of joint projects to accelerate the deployment of commercial fusion power in Canada.

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Fusion Fuel receives approval for €10M grant to develop HEVO-Industria project

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Fusion Fuel will receive an estimated €10-million grant as part of Component 14 (C-14) of the Portuguese Recovery and Resilience Plan to develop its 6.6MW HEVO-Industria green hydrogen project in Sines, Portugal. C-14 is focused on accelerating the energy transition by supporting the production of hydrogen and other renewable gases.

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Fusion Fuel enters centralized PEM electrolyzer market with HEVO-Chain

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Fusion Fuel has entered the centralized electrolyzer market with the introduction of its HEVO-Chain solution. Render of Fusion Fuel’s HEVO-Chain hydrogen unit. —Jaime Silva, Chief Technology Officer of Fusion Fuel. kW of electrolysis capacity and outputting 5.6 kg of hydrogen per day at a pressure of 4 bar.

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