US announces $46 million in funds to eight nuclear fusion companies

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Eight U.S. companies developing nuclear fusion energy will receive $46 million in taxpayer funding to pursue pilot plants attempting to generate power from the process that fuels the sun and stars, the Department of Energy said on Wednesday.

Generating more energy from fusion reaction than goes into it has eluded scientists for decades. But more than 30 companies around the world are trying to generate power from fusion, which could one day help the world slash emissions linked to climate change, without producing long-lasting radioactive waste.

Fusion occurs when the nuclei of two light atoms such as hydrogen, heated to extreme temperatures, fuse into one heavier nucleus releasing vast amounts of energy. The Energy Department's Milestone-Based Fusion Development Program hopes to help develop pilot-scale demonstration of fusion within a decade.

"The Biden-Harris Administration is committed to partnering with innovative researchers and companies across the country to take fusion energy past the lab and toward the grid," Energy Secretary Jennifer Granholm said in a release.

 

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