Close Menu
    What's Hot

    Buying Pressure Just Doubled — Is SOL About to Explode Past $100?

    March 14, 2026

    Trump Says the US Has Launched Strikes on Iran’s Kharg Island

    March 14, 2026

    Ripple Says Big Companies May Start Using Crypto for Payroll and Payments – Is XRP About to Explode?

    March 13, 2026
    Facebook X (Twitter) Instagram
    Hot Paths
    • Home
    • News
    • Politics
    • Money
    • Personal Finance
    • Business
    • Economy
    • Investing
    • Markets
      • Stocks
      • Futures & Commodities
      • Crypto
      • Forex
    • Technology
    Facebook X (Twitter) Instagram
    Hot Paths
    Home»Markets»Futures & Commodities»Nuclear fusion backers meet in US capital as competition with China looms By Reuters
    Futures & Commodities

    Nuclear fusion backers meet in US capital as competition with China looms By Reuters

    Press RoomBy Press RoomMarch 20, 2024No Comments3 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    © Reuters. The National Ignition Facility’s preamplifier module increases the laser energy as it travels to the Target Chamber in an undated photograph at Lawrence Livermore National Laboratory federal research facility in Livermore, California, U.S. Damien Jemis

    By Timothy Gardner

    WASHINGTON (Reuters) – Leaders in the emerging Western nuclear fusion industry are convening in Washington, D.C. this week seeking ways to attract more money for research to avoid falling far behind China in the race to develop and build commercially viable reactors.

    A funding bill signed by President Joe Biden this month contained $790 million for fusion science programs for 2024, below the more than $1 billion backers say is needed.

    Scientists, governments, and companies are racing to harness fusion, the nuclear reaction that powers the sun, to provide carbon-free electricity. It can be replicated on Earth with heat and pressure using lasers or magnets to fuse two light atoms into a denser one, releasing large amounts of energy. Unlike plants that run on fission, or splitting atoms, commercial fusion plants, if ever built, would not produce long-lasting radioactive waste.

    Andrew Holland, CEO of Fusion Industry Association, or FIA, which is hosting the two-day conference, said a fear is that fusion will follow the pattern of the solar industry where much of the technology was invented in the U.S., but manufacturing came to be dominated by China.

    “It is very clear that China has ambitions to do the same sort of thing, both in the supply chain and the developers,” Holland told Reuters. “It’s time for the U.S. to respond to that challenge.”

    Private companies around the world have raised more than $6 billion through 2022, a FIA report said last July. The report mostly did not count private money going to fusion in China, which is harder to track. Much more private money is needed to bring fusion from lab experiments to commercial enterprises, backers said.

    FIA’s third annual conference is expected to attract about 350 attendees from countries including the U.S., UK, Germany and Japan, more than the roughly 100 attendees in previous years.

    Fusion built momentum last year when scientists at the Lawrence Livermore Laboratory in California using lasers repeated a fusion breakthrough. Holland says fusion will be providing power to the grid in a decade.

    Not everyone puts faith in that timeline. “Maybe he means dog years. Even that would be optimistic,” said Victor Gilinsky, a physicist and former Nuclear Regulatory Commission commissioner. Gilinsky estimates that the energy yielded from the lab reaction, which only lasted an instant, was about 1% of the energy used to fire up the lasers.

    Still, Holland said funding fusion research should be a priority in the fight against climate change.

    “Fusion should get significantly more and that wouldn’t take away from the deployment of much needed other clean energy technologies.”

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Press Room

    Related Posts

    Oil steadies as markets weigh Russia sanctions and glut forecasts

    November 18, 2025

    Japan warns citizens in China about safety as diplomatic crisis deepens

    November 18, 2025

    Gold prices retreat on strong dollar amid Trump tariff uncertainty By Investing.com

    January 27, 2025
    Leave A Reply Cancel Reply

    LATEST NEWS

    Buying Pressure Just Doubled — Is SOL About to Explode Past $100?

    March 14, 2026

    Trump Says the US Has Launched Strikes on Iran’s Kharg Island

    March 14, 2026

    Ripple Says Big Companies May Start Using Crypto for Payroll and Payments – Is XRP About to Explode?

    March 13, 2026

    Shopify CEO Tobi Lütke Used AI to Build His Own MRI Viewer

    March 13, 2026
    POPULAR
    Business

    The Business of Formula One

    May 27, 2023
    Business

    Weddings and divorce: the scourge of investment returns

    May 27, 2023
    Business

    How F1 found a secret fuel to accelerate media rights growth

    May 27, 2023
    Advertisement
    Load WordPress Sites in as fast as 37ms!

    Archives

    • March 2026
    • February 2026
    • January 2026
    • December 2025
    • November 2025
    • October 2025
    • September 2025
    • August 2025
    • July 2025
    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • May 2023

    Categories

    • Business
    • Crypto
    • Economy
    • Forex
    • Futures & Commodities
    • Investing
    • Market Data
    • Money
    • News
    • Personal Finance
    • Politics
    • Stocks
    • Technology

    Your source for the serious news. This demo is crafted specifically to exhibit the use of the theme as a news site. Visit our main page for more demos.

    We're social. Connect with us:

    Facebook X (Twitter) Instagram Pinterest YouTube

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Buy Now
    © 2026 ThemeSphere. Designed by ThemeSphere.

    Type above and press Enter to search. Press Esc to cancel.