Fusion Industry Association

Registration is now live! Join us at our 2025 Annual Policy Conference in Washington, D.C. on February 25-26. FIA's Annual Policy Conference is a space for global leaders in government, industry, investment, science, & academia to come together and discuss concrete ways to accelerate fusion commercialization. Join us to further explore the actions driving the development of a fusion-powered future. Tickets are available until space is filled. A word to the wise - we sold out early last year so we'd recommend securing your spot sooner rather than later. We're looking forward to it and hope to see you in February! Registration and sponsorship opportunities are available at the links below. ?? Event page: https://lnkd.in/dUZ8vxs4 ? Registration: https://lnkd.in/di_u4pXx ?? Sponsorship opportunities: https://lnkd.in/d5x45Ztb P.S. FIA members & affiliate members, government, press, and students get discount codes. Please reach out to FIA Manager for Outreach Caroline Anderson ([email protected]) if you fit in one of those categories. #FusionIndustry2025

We’re excited to announce we’ve raised $125 million to supercharge growth and innovation in #fusionenergy and our transformative high temperature #superconducting (HTS) #magnet technology. Fusion energy is coming, and this investment from new strategic partners alongside existing shareholders will enable us to advance our #fusion pilot plant design programme and to develop, test and validate new fusion technologies using our record-breaking spherical tokamak, ST40. It will also support the rapid growth of TE Magnetics, which is leading the development of HTS magnet technology for fusion and other exciting new applications, including scientific research, #medicine, #renewableenergy, and propulsion on land and in water, air and space. Our CEO, Warrick Matthews, said: “In addition to the ongoing support of our existing shareholders, we are delighted to welcome new strategic investors to collectively accelerate our ambitious plans. Tokamak Energy’s mission is to make fusion energy a reality, and we believe the only way to achieve that is through strong, global partnerships.” Kerry McCarthy, UK Climate Minister, Department for Energy Security and Net Zero, said: “We are leading the world in fusion energy, working closely with industry to ensure we remain at the forefront of this innovative, emerging market to create good clean jobs. This multi-million-pound investment is a clear signal of Tokamak Energy’s confidence in the UK economy, bringing jobs and kickstarting economic growth as part of our mission to deliver clean power and greater energy independence to Britain.” Dr. Geri Richmond, Under Secretary for Science and Innovation, U.S. Department of Energy (DOE), said: “This accomplishment highlights Tokamak Energy’s commitment to advancing fusion energy—a critical step towards realizing a future of clean, sustainable power. As an awardee of the Department of Energy’s Milestone-Based Fusion Development Program, Tokamak Energy is helping to lead the way in fusion innovation, positioning the United States and our global partners at the forefront of this transformative energy technology. The DOE is proud to support Tokamak Energy in its journey to achieve commercial fusion energy, which is essential to securing our clean energy future and strengthening our energy independence." Read our full press release here: ?? https://lnkd.in/esQ4cie8 East X Ventures, Lingotto, FURUKAWA ELECTRIC GROUP, British Patient Capital, BW Group, Sabanc? Climate Ventures. ? #FusionForAll

Fusion energy would revolutionize the way we power our world. It is the most efficient source of energy, and is clean, safe, and virtually limitless. Fusion is the way the Sun and all of the stars in the universe generate power. However, replicating this reaction on Earth in a commercially viable way (more energy out than in) is hard. Very hard. But - thanks to breakthroughs in technology, engineering, and investment - we are closer than ever. In fact, 89% of the world’s private fusion companies expect fusion on the grid in the 2030s or before. It’s hard to overstate the benefits that commercial fusion power would bring. It can help mitigate the climate crisis, grow energy accessibility, increase geopolitical stability and security, and expand economies tremendously. ? Here's a video we put out today as global leaders meet in Baku for #COP29 to discuss ways to work towards a cleaner future. You can watch at the fusion booth hosted by ITER Organization in the green zone - or if you're not in Baku - at the link below. #FusionEnergy https://lnkd.in/ew-Jw5bE

Government and industry leaders from around the world meet in Rome for the inaugural World Fusion Energy Group meeting. FIA testifies on fusion at Italy hearing. G7 Working Group on Fusion holds first meeting. FIA & IAEA sign partnership. UK announces budget. US holds presidential election... Busy week! Catch up with today's FIA newsletter. Here's CEO Andrew Holland's intro - link to the full newsletter in the comments. Hello from Rome! I’ve been here this week (did I miss anything back in DC?). Yesterday, I joined the World Fusion Energy Group (WFEG) inaugural ministerial?meeting, hosted by the International Atomic Energy Agency (IAEA) and the Italian Foreign Ministry. The meeting brought together public and private leaders to map out areas of collaboration on the path to commercial fusion. I was happy to speak on industry status and progress, and many FIA members gave commercial fusion updates. More on the?outcomes and a recording of the meeting?is available on our website. Alongside the meeting, I am happy to sign a?formal partnership?in a "practical arrangement" between the FIA and IAEA to collaborate on various efforts along the path to commercial fusion. IAEA Director General Rafael Mariano Grossi and I signed the agreement yesterday. On Tuesday, I?testified?on fusion before Italy’s Chamber of Deputies. My testimony underlined the importance of separating fusion energy from nuclear fission in regulations, along with the need for fusion investment to follow along with all other clean energy technologies. The world needs as much clean power as possible, and fusion will be a part of the solution. Earlier in the week was the first G7 Working Group on Fusion meeting. At the G7 Leader’s Summit in June, the leaders?announced plans?to find collaborative opportunities to accelerate fusion commercialization, along with achieving consistent regulatory approaches. Monday’s meeting was the first step. And last week in the United Kingdom, Chancellor of the Exchequer Rt Hon Rachel Reeves?announced?the UK’s?Autumn Budget 2024, outlining key provisions and missions for “Rebuilding Britain” and areas of targeted government support going forward. The budget notes a heavy emphasis on greater support for innovation, including fusion energy. The FIA looks forward to continued support and engagement with the British government in support of fusion. Finally, we are preparing for the transition to a new Administration in the United States. Fusion has been an important topic of bipartisan interest, support, and agreement. We’ll work with the new team as they get ready to take office in?January, and rest assured that we will have more to say after I get home and we learn more about the new direction in the United States. ? As always, thank you for keeping up with the FIA and all our activity. Andrew Holland P.S. We launched a?video?this week highlighting our 2024 global fusion industry report and where companies stand. Take a look on our YouTube channel!

The inaugural meeting of the World Fusion Energy Group (WFEG) was hosted today in Rome by the International Atomic Energy Agency (IAEA) and Italian government - with heavy participation from the fusion industry, government leaders, & senior officials from around the world. Opening speeches were delivered by IAEA Director General Rafael Mariano Grossi, Italian Deputy Prime Minister and Minister of Foreign Affairs Antonio Tajani, and Undersecretary Alfredo Mantovano. Grossi underscored the transformative potential of fusion, noting that recent technical advances, combined with private sector investment, are bringing commercial fusion power closer to reality. "Fusion energy had once been a distant dream, but with major technical breakthroughs and increasing private sector involvement, it is now within reach." - IAEA Director General Rafael Mariano Grossi The panels and discussions that followed featured updates from the global private and public sector, including a fusion industry status update from Fusion Industry Association (FIA) CEO Andrew Holland, and many commercial fusion updates from FIA member companies. With a strong turnout from industry, government ministers, and senior officials, the WFEG’s inaugural meeting marks a pivotal moment in fostering international cooperation on the path to commercial fusion power. ?? Outcomes & recording on our website: https://lnkd.in/eP3g2ZM6 #WFEG

What is the difference between nuclear fission and fusion energy? Many people are posing the question as the two are drawing attention as clean, firm power sources, but they are in fact opposite processes. Let’s break down some key distinctions...?? ?? Fission is the process that powers existing power plants around the world. It’s commonly known as nuclear power. During fission, heavy atoms (such as uranium) split into multiple smaller ones, releasing energy. ? Fusion is what powers the stars. There, light atoms (such as hydrogen) combine to make heavier atoms (such as helium) and release an enormous amount of energy. ?? Fission = splitting atoms ? Fusion = combining atoms The energy sources are opposite. ?? Fission fuel: Uranium, the main fuel, is common, but the uranium isotope U-235 required for power generation is rare and requires mining & enrichment before it can be used as fuel. Processing the raw materials into more concentrated U-235 fuel for power generation requires a regulated facility & specialized handling. ? Fusion fuel: Fusion can be performed with different fuels. Three potential combinations are proton & boron, deuterium & tritium, or deuterium & helium-3. More on the abundance of those fuels and where they come from (water, minerals, & other nuclear processes) at the link. ?? Fission byproducts = special, long-term, high-level waste storage ? Fusion byproducts = short-term, low-level waste storage ?? Fission regulations: require a lengthy and costly licensing and permitting process to ensure that the plant will operate safely. ? Fusion regulations: will be regulated like particle accelerators, thousands of which operate in hospitals and other facilities around the world. There is no risk of meltdowns or runaway chain reactions and no presence of high-level radioactive materials to create & sustain fusion. ?? Read more about the differences between the two and/or download our explainer brochure on our website: https://lnkd.in/e2-7pyTy #NuclearFission #FusionEnergy

It is important that the Italian government provides support for fusion energy through smart regulation and partnerships.

Over $7.1 billion in investment, 45 fusion companies worldwide, an industry workforce of over 4,000 people, and $426 million in government funding through public-private partnerships... Each year for the past four years, we've published a global fusion industry report - surveying all of the private fusion companies worldwide to give a snapshot of where industry stands. We launched our 2024 report a few months ago - here are the key highlights. https://lnkd.in/edtB6waE

Earlier today, UK Chancellor of the Exchequer Rt Hon Rachel Reeves announced the UK's Autumn Budget 2024, outlining key provisions and missions for “Rebuilding Britain". The budget notes a heavy emphasis on greater support for innovation, including fusion energy. The Fusion Industry Association and its membership, including both UK-based companies and global corporations considering significant inbound investment into the UK, strongly support the British government’s continued leadership in fusion. Commercial fusion is coming, and the global race is on. FIA member companies aim to deliver commercial plants within the next decade. The fusion industry could be worth billions of pounds to the economy, and offers a British export that will be both a climate change solution and a driver of economic opportunity. The UK has long been a pioneer in fusion, and the continued emphasis aims to enhance the country’s position as a global leader. The FIA looks forward to continued engagement with the British government in support of fusion. https://lnkd.in/efzFAcJt

Tokamak Energy reveals pilot plant details, Thales & Max Planck Institute for Plasma Physics set a world record, U.S. Department of Energy (DOE)'s ARPA-E announces $30M for commercial fusion... New #FusionNews episode out now! Watch for a summary of the latest in fusion energy news worldwide. ??? You can watch on YouTube: https://lnkd.in/eJ565-_q ???Or listen wherever you catch your podcasts: https://lnkd.in/eMqQKtPf