Wednesday, February 8, 2023

Feds commit $50 million to for-profit nuclear fusion companies, chasing the ‘holy grail’ of clean energy

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  • The Department of Energy officially announced $50 million will go towards private fusion companies in public-private partnerships.
  • The U.S. government has put federal money into fusion since research since the 1950s and today invests about $700 million per year into fusion research, Andrew Holland the CEO of the fusion industry trade group, told CNBC. But this is the first time substantial amounts of money have gone to for-profit fusion companies.
  • “This is not for pure science. This is a commercial development and deployment program,” Holland told CNBC.

“This is not for pure science. This is a commercial development and deployment program,” Holland told CNBC.

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Disclaimer: This story is generated from RSS Feed and has not been created or edited by Waba News. Publisher: CNBC

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