DOE Announces $46 Million for Commercial Fusion Energy Development

Wednesday, May 31, 2023 - 17:33 in Astronomy & Space

The U.S. Department of Energy (DOE) today announced $46 million in funding to eight companies advancing designs and research and development for fusion power plants, representing a major step in President Biden's commitment to a pilot-scale demonstration of fusion within a decade. Fusion reactions power the stars, and research is underway to make fusion energy production on Earth possible, providing an abundant, inherently safe, non-carbon-emitting energy source for the planet. This funding from the Milestone-Based Fusion Development Program will solidify U.S. leadership in fusion commercialization, a gamechanger that would help the United States meet the President's goal of reaching a net-zero economy by 2050.

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