Fusion Industry Leaders , Hold DC Conference , Looking for Investors.
Fox News reports that leaders in the West's
emerging nuclear fusion industry are
convening this week to attract additional
funding to build commercially-viable reactors. .
The high-level conference takes
place as the industry races to
develop the technology ahead of China. .
Earlier this month, the Biden administration
signed a funding bill that contained
$790 million for fusion science programs in 2024. .
Earlier this month, the Biden administration
signed a funding bill that contained
$790 million for fusion science programs in 2024. .
Unlike current nuclear fission plants,
commercial fusion plants would not produce
any long-lasting radioactive waste.
According to Andrew Holland, CEO of Fusion Industry
Association (FIA), the industry is concerned that fusion
will follow the same pattern as the solar industry.
Much of the technology used in the solar industry was invented in the United States, but manufacturing was primarily handled in China.
It is very clear that China
has ambitions to do the same
sort of thing, both in the supply
chain and the developers.
It's time for the U.S. to
respond to that challenge, Andrew Holland, CEO of Fusion Industry
Association (FIA), via Fox News.
According to an FIA report from last July, private
companies around the world have invested
over $6 billion in fusion technology through 2022. .
Fox News reports that the third annual FIA
conference is expected to attract an estimated
350 attendees from around the world.
Last year, the industry gained momentum
after scientists at California's Lawrence Livermore
Laboratory reported a breakthrough, bringing the
technology one step closer to commercial viability.