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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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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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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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ARPA-E to award up to $30M for fusion energy R&D

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The US Department of Energy announced up to $30 million in funding for a new Advanced Research Projects Agency-Energy (ARPA-E) program, Breakthroughs Enabling THermonuclear-fusion Energy ( BETHE ). improvements to and application of existing fusion R&D capabilities to accelerate the development of multiple concepts.

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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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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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US DOE to Award More Than $327M in Recovery Act Funding for Science Research; Includes Support for Biofuels, Smart Grid and Fusion Energy

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The US Department of Energy (DOE) will award more than $327 million for scientific research, instrumentation, and laboratory infrastructure projects including biofuels, smart grid and fusion energy research, among others. Lawrence Livermore National Laboratory ; Livermore, CA—$810,000 for fusion energy research.

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