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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. Commercial fusion power on a decadal timescale with the compact, high-field ARC power plant. Focused Energy Inc. Austin, TX).

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Teijin to partner with Fuji Design in carbon fiber recycling

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Teijin Limited has agreed to form a business alliance with Fuji Design Co., a Japanese manufacturer of recycled carbon fibers to establish a business structure for the production, supply and commercialization of carbon fiber reinforced plastic (CFRP) products made from recycled carbon fibers using a low environmental impact process.

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Oxford spin-out OXCCU raises US$22.8M to transform carbon dioxide into sustainable aviation fuel

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OXCCU, a company spun-out from the University of Oxford in 2021 that is focused on converting carbon dioxide and hydrogen into industrial and consumer products ( earlier post ), completed an £18-million (US$22.8 Trafigura, TechEnergy Ventures and Doral Energy-Tech Ventures also participated in the financing.

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Utah-based Energy Fuels to enter commercial rare earth business in Q1-2021

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Energy Fuels Inc. Energy Fuels expects to process this monazite at its 100%-owned White Mesa Mill starting in Q1-2021, recover the contained uranium, and produce a marketable mixed REE carbonate, representing an important step toward re-establishing a fully-integrated US REE supply chain. —Mark S.

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ExxonMobil announces 6th oil discovery offshore Guyana with Ranger-1; Guyana may move from non-producer to regional powerhouse

Oil (..)

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Chartwell secures £320k Innovate UK Smart Grant to develop methanol-fueled vessel design

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The grant will enable Chartwell and consortium partners—Boat Electric & Electronics and Engineered Marine Systems—to develop and test the feasibility of a market-first methanol-fuelled vessel design, with applications in the offshore wind, commercial workboat and leisure sectors.

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General Fusion and UK Atomic Energy Authority (UKAEA) announce collaborative agreement to advance commercial fusion energy

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General Fusion and the UK Atomic Energy Authority (UKAEA) kicked off projects to advance the commercialization of magnetized target fusion energy as part of a collaborative agreement. The results will hone the design of General Fusion’s demonstration machine being built at the Culham Campus, part of the UK fusion cluster.

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