CivilFusion

Let’s Get the Fusion Party Started, Says DOE

Image: Commonwealth Fusion Systems

Fusion is the word on the DOE’s lips this week. The agency is taking concrete steps toward its commitment to the commercial fusion sector, finally awarding a set of previously announced grants and announcing a brand-new program to support tech development in the sector.

“After decades of primarily supporting only scientific projects, federal fusion funding priorities now also include the practical needs of a new industry that will disrupt the way we think about and use energy,” Commonwealth Fusion Systems CEO Bob Mumgaard said at a White House event last week. And the DOE’s actions are certainly backing him up.

By the milestone: Last year, the DOE announced that it would award up to $46M to eight companies developing commercial fusion tech through its Milestone-Based Fusion Development Program. 

  • The initiative is modeled after NASA’s famed Commercial Orbital Transfer Services (COTS) program, which signaled government support for the commercial space industry and kick-started competition.

At the time, the DOE had announced which eight companies were participating, but not the dollar amounts of the individual contracts. Now, the DOE has officially awarded those eight grants, with two recipients revealing their pieces of the pie:

  • Commonwealth Fusion Systems, which is building the ARC tokamak, received $15M—the largest individual award.
  • Xcimer Energy, which is working on inertial confinement fusion, received $9M.

The other awardees are Focused Energy, Thea Energy, Realta Fusion, Tokamak Energy, Type One Energy Group, and Zap Energy.

Th-th-that’s not all, folks: The DOE is increasing its commitment to fusion energy development. Last week, the agency’s Office of Fusion Energy Sciences announced its new Fusion Innovation Research Engine (FIRE), which will make $180M available for teams to work on commercial fusion projects and supporting tech.

  • Pre-applications are due July 9, and final submissions are due Aug. 27.
Related Stories
Civil

The DOE Backs Advanced Light Water Reactors

The first companies to deploy a new technology—like an advanced reactor, for example—take on a lot of risk in the process. This week at the ANS summer meeting, US Secretary of Energy Jennifer Granholm announced a new DOE funding initiative to ease that first-mover burden.

CivilFusion

Three New Pillars for the DOE

The Department of Energy released its 2024 Fusion Energy Strategy, which outlines its three pillars for advancing domestic commercial fusion energy alongside the private sector.

CommercialFusion

TAE and Oxy: A Match Made in Carbon-Free Heaven

TAE Technologies may have just unlocked a new application for fusion power: capturing carbon directly from the atmosphere. This week, the California fusion startup signed a memorandum of understanding with Oxy Low Carbon Ventures to look into supplying fusion power and heat to direct air capture (DAC) facilities that would filter carbon emissions straight out […]

CommercialFusionVC/PE

Xcimer Pulls a $100M Series A

Xcimer Energy has topped the year-to-date record for a fusion company fundraise with its $100M Series A.