The US Department of Energy has announced that eight private companies will receive a share of $46m (€42m) in funding as part of the Biden administration’s commitment to achieving a pilot-scale demonstration of fusion energy within the next 10 years.
The DOE said the companies were selected on the basis of their existing research and ability to contribute to the effort to commercialise the fusion process and create a “safe, abundant alternative to carbon-emitting power generation”.
The recipients of the funding are Commonwealth Fusion Systems, Focused Energy, Princeton Stellarators, Realta Fusion, Tokamak Energy, Type One Energy Group, Xcimer Energy and Zap Energy.