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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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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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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). Realta Fusion Inc.

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Fusion Fuel awarded €3.6m in grant funding for 1MW green hydrogen mobility project in Portugal

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Fusion Fuel has been awarded €3.6 million in grant funding through Component 5 (‘C-5’) of Portugal’s Recovery and Resilience Plan to develop a 1 MW decentralized green hydrogen production facility co-located with a hydrogen refueling station in Elvas, Portugal. Earlier post.) million of capital investment.

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Fusion Fuel and Electus Energy to develop 75 MW green hydrogen project in Bakersfield, California; Fusion Fuel’s first US project

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Fusion Fuel and Electus Energy have entered into an exclusive joint venture agreement to develop a large-scale green hydrogen project in Bakersfield, California. Fusion Fuel has engaged Black & Veatch to perform a concept study and is also working with Cornerstone Engineering and Headwaters Solutions.

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DOE announces $29M for research on machine learning, artificial intelligence, and data resources for fusion energy sciences

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The US Department of Energy (DOE) announced $29 million in funding for seven team awards for research in machine learning, artificial intelligence, and data resources for fusion energy sciences. Nineteen institutions will apply advanced and autonomous algorithms to address high-priority research opportunities in fusion and plasma sciences.

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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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