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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. 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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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. HEVO is Fusion Fuel's proprietary miniaturized PEM electrolyzer, designed to be small, lightweight, and mass-producible.

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

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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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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. million to upgrade equipment at the DOE Joint Genome Institute (JGI); $11 million for fusion energy research; $8.8

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