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

Posted on AllSides September 26th, 2022
From The Center
Clement Mahoudeau | Afp | Getty Images

The United States government is putting money behind private-sector nuclear fusion companies for the first time, and that’s an indication of how momentum is building behind the “holy grail” of clean energy.

At the Global Clean Energy Action Forum in Pittsburgh on Thursday, the Department of Energy officially announced $50 million will go towards private fusion companies in public-private partnerships.

“This money signifies that the U.S. government is getting serious about building a fusion program that will have commercial significance, on an accelerated timeframe,” Andrew Holland, the CEO of the Fusion Industry Association,...

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