The US Department of Energy (DOE) released the Fusion Energy Strategy 2024 after its Bold Decadal Vision for Commercial Fusion Energy launched in 2022.

The new strategy focuses on 1) closing the science and technology gaps to a commercially relevant fusion pilot plant, 2) preparing the path to sustainable, equitable commercial fusion deployment, and 3) building and leveraging external partnerships.

The DOE’s Office of Fusion Energy Sciences also announced a USD 180 million funding opportunity announcement for new Fusion Innovation Research Engine (FIRE) collaboratives. The collaboratives will drive advancements in fusion energy research through partnerships with public and private entities.

The DOE also signed agreements with all eight selectees of its Milestone-Based Fusion Development Program, including Commonwealth Fusion Systems, Focused Energy, Thea Energy, Realta Fusion, Tokamak Energy, Type One Energy Group, Xcimer Energy, and Zap Energy. Over 18 months, this will provide up to USD 46 million for advancing fusion pilot plant designs and research.