Tag Archives: fusion commercialization

U.S. Dept. of Energy Awards $46 Million to Advance Fusion Commercialization

The U.S. Department of Energy recently awarded $46 million to eight U.S. companies working to advance the development of commercial fusion energy technology (including our client Commonwealth Fusion Systems), furthering the Biden administration’s goal of developing a pilot-scale fusion facility within the next decade. According to the announcement, “within the next five to ten years, the eight awardees will resolve scientific and technological challenges to create designs for a fusion pilot plant that will help bring fusion to both technical and commercial viability,” and solidify the U.S.… More