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

Green Car Congress

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 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. In addition, the company completed the first close of its Series F raise for a combined US$25 million. LM26’s plasmas will be approximately 50% scale of a commercial fusion machine.

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

Green Car Congress

TAE Technologies , the world’s largest private fusion energy company, has spun-out a new subsidiary, TAE Power Solutions. The proprietary technology platform is derived from fusion research, and is a foundational step toward mass onboarding of electric vehicles and deployment of intermittent renewable energy as dispatchable power.

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TAE Technologies exceeds fusion reactor performance goals by 250% as company closes $250M round; $1.2B to date

Green Car Congress

After achieving temperatures greater than 75 million degrees Celsius and demonstrating unmatched real-time control of plasma with its fifth-generation fusion research reactor, Norman, TAE Technologies has secured strategic and institutional investments to fund the construction of its next research reactor, the sixth-generation Copernicus.

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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

Green Car Congress

Fusion Fuel and Electus Energy have entered into an exclusive joint venture agreement to develop a large-scale green hydrogen project in Bakersfield, California. The companies have already entered into a land-lease agreement to secure 320 acres in Kern County, California for the project’s development.

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CNL and General Fusion to partner to advance commercial fusion energy

Green Car Congress

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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This company wants to turn a Tennessee coal plant into a fusion reactor

Electrek

Type One energy has announced its intention to use a retired TVA coal plant site, the Bull Run Fossil Plant in Oak Ridge, Tennessee, as the site for a prototype fusion reactor with the hope to eventually commercialize fusion power – and maybe even find a neat way to use old EV batteries to help power the process.

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