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Milestone-Based Fusion Development Program: Difference between revisions
Milestone-Based Fusion Development Program (view source)
Revision as of 00:00, 12 February 2025
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|ProgramType=Program | |ProgramType=Program | ||
|OrgSponsor=Office of Fusion Energy Sciences | |OrgSponsor=Office of Fusion Energy Sciences | ||
|TopOrganization=Department of Energy | |||
|CreationLegislation=Energy Act of 2020 | |CreationLegislation=Energy Act of 2020 | ||
|Purpose=To accelerate the commercialization of fusion energy by funding private companies to meet specific technical and commercial milestones towards the development of fusion power plants, ensuring progress in fusion technology is measurable and economically viable.<ref>{{cite web |url=https://www.energy.gov/science/fes/milestone-based-fusion-development-program |title=Milestone-Based Fusion Development Program |accessdate=January 30, 2025}}</ref> | |Purpose=To accelerate the commercialization of fusion energy by funding private companies to meet specific technical and commercial milestones towards the development of fusion power plants, ensuring progress in fusion technology is measurable and economically viable.<ref>{{cite web |url=https://www.energy.gov/science/fes/milestone-based-fusion-development-program |title=Milestone-Based Fusion Development Program |accessdate=January 30, 2025}}</ref> | ||
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|InitialFunding=$46 million<ref>{{cite web |url=https://www.energy.gov/articles/department-energy-announces-46-million-commercial-fusion-energy-development |title=Department of Energy Announces $46 Million for Commercial Fusion Energy Development |accessdate=January 30, 2025}}</ref> | |InitialFunding=$46 million<ref>{{cite web |url=https://www.energy.gov/articles/department-energy-announces-46-million-commercial-fusion-energy-development |title=Department of Energy Announces $46 Million for Commercial Fusion Energy Development |accessdate=January 30, 2025}}</ref> | ||
|Duration=5 years | |Duration=5 years | ||
|Historic= | |Historic=No | ||
}} | }} | ||
'''Milestone-Based Fusion Development Program''' is designed to catalyze the development of commercial fusion energy by providing federal funding to private companies based on their achievement of predefined technical and commercialization milestones. This approach aims to de-risk fusion technology development, promote public-private partnerships, and accelerate the path to a fusion pilot plant.<ref>{{cite web |url=https://www.energy.gov/science/fes/milestone-based-fusion-development-program |title=Milestone-Based Fusion Development Program |accessdate=January 30, 2025}}</ref> | '''Milestone-Based Fusion Development Program''' is designed to catalyze the development of commercial fusion energy by providing federal funding to private companies based on their achievement of predefined technical and commercialization milestones. This approach aims to de-risk fusion technology development, promote public-private partnerships, and accelerate the path to a fusion pilot plant.<ref>{{cite web |url=https://www.energy.gov/science/fes/milestone-based-fusion-development-program |title=Milestone-Based Fusion Development Program |accessdate=January 30, 2025}}</ref> | ||