Fusion Energy Funding Continues to Surge in 2024
Tokamak Energy Nabs $125M, Total New Fusion Energy Funding Over $1.5B in 2024
7 Things You Gotta Know
Fusion Power is Getting Closer—No, Really
We’re in the midst of significant advancements in fusion energy technology and investment that are bringing this elusive energy source closer to reality. The Economist discusses breakthroughs in magnetic confinement and laser-based fusion approaches, as well as the growing involvement of private companies and governments. While challenges remain, experts are increasingly optimistic about fusion’s potential to revolutionize the energy sector in the coming decades.U.S. Nuclear Fusion Leaps Forward
Record-breaking plasma temperatures and improved confinement times signal significant momentum in the race to commercialize fusion power. This article underscores the importance of continued federal funding and international collaboration to maintain U.S. leadership in this transformative energy field.Akash Systems Secures $18.2M in Chips Funding
Akash Systems receives funding to advance its innovative chip technology for high-power applications, including fusion energy systems. The funding will support research and development of robust, efficient chips capable of operating in extreme conditions, such as those found in fusion reactors. These advancements are expected to play a crucial role in improving the efficiency and reliability of fusion energy infrastructure.Fusion Energy: Can We Really Recreate the Sun’s Power?
Tammy Ma explores the science behind fusion energy and the challenges of replicating the sun's power on Earth. This video breaks down the technical hurdles including achieving and sustaining the extreme temperatures and pressures needed for fusion, and explains the innovative approaches researchers are taking.Survey: AI and HPC Applications in Fusion Commercialization
The Clean Air Task Force (CATF) surveyed how artificial intelligence (AI) and high-performance computing (HPC) are accelerating the commercialization of fusion energy. Their report highlights how these tools are optimizing plasma control, reactor design, and material selection, dramatically reducing development timelines. As the fusion industry matures, AI and HPC are poised to become essential in overcoming technical barriers and bringing fusion power to market.China Turns On the First Artificial Sun
Ecoticias reports on China’s activation of its "artificial sun," the Experimental Advanced Superconducting Tokamak (EAST), a key milestone in the nation’s fusion energy program. This advanced reactor reached record-breaking plasma temperatures. The achievement underscores the country's commitment to clean energy innovation, with the EAST project serving as a foundation for future commercial reactors.World’s Largest Fusion Company Reaches Key Milestone
Commonwealth Fusion Systems reached a key milestone in plasma confinement and energy output. This advancement marks a significant step toward achieving sustainable, scalable fusion power. The company’s progress reflects growing confidence in the fusion sector, attracting increased investment and global interest as the race to commercialize fusion intensifies.
Tokamak Energy Nabs $125M, Total New Fusion Energy Funding Over $1.5B in 2024
BY SHAUN WALSH
Total New Fusion Energy Funding Over $1.5B in 2024: Tokamak Energy announced a $125 million funding round to accelerate its plans to commercialize fusion energy and grow its high-temperature superconducting (HTS) technology solution, TE Magnetics. The round was co-led by East X Ventures and Lingotto Investment Management, with participation from new investors, including Furukawa Electric Company, British Patient Capital, BW Group, and Sabanci Climate Ventures. This brings Tokamak Energy's total funding to $335 million since 2009.
Company Profile: Canyon Magnet Energy
BY MICHAEL HEUMANN
10 Questions with Dr. Honghai Song: Dr. Song is the founder and CEO of Canyon Magnet Energy. He is an expert in superconducting magnets, specializing in high-temperature superconductors (HTS) like REBCO. He's also an IEEE senior member and reviewer for critical conferences, demonstrating his commitment to advancing applied superconductivity.
A Different Way to Ignite Fusion: Focused Energy Announces a New Approach to Inertial Confinement
BY MICHAEL HEUMANN
Two Milestones Achieved: The Fusion Report recently interviewed Dr. Debbie Callahan, senior scientist at Focused Energy, on their latest press release, which detailed their achievement of two science and technology milestones as part of the US Department of Energy (DoE) milestone-based fusion development program. Prior to Focused Energy, Debbie was on the staff at the Lawrence Livermore National Laboratory (LLNL) for 35 years. In this role, she was one of the principal scientists working on laser technology at the LLNL National Ignition Facility (NIF), where they achieved net-positive ignition in 2022 with a Q (ratio of energy released by ignition vs energy expended to achieve ignition) of roughly 1.5.
Webcast: How Trump 2.0 Will Reshape Power Grid Trends
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The Elephant in The Fusion Room is...When?
BY SHAUN WALSH
When Will Fusion Provide Power to the Grid?: Helion Energy has said they have orders for 2028 for Microsoft and Nucor Steel. A survey of the Fusion Industry Association members leans toward 2035, and the DOE roadmap indicated the second half of the 2030s. Needless to say, fusion energy is an ambitious task, and we have witnessed a remarkable acceleration of fusion energy progress in the past year, surpassing the advancements of the last half of the 29th century. This rapid pace, driven by global public-private research, AI-aided simulations and design, and the increasing electricity demand, instills a sense of optimism and hope for the future of energy technology.
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