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January 22, 2025, 7:01AMNuclear News

Thea Energy, one of three fusion companies that have met early milestones in the design of a fusion pilot plant has opened a new headquarters facility in Kearny, N.J. (Photo: Thea Energy)

The Department of Energy announced six Fusion Innovative Research Engine (FIRE) collaboratives set to receive funding of $107 million on January 16. The six selected teams represent a first round of awards from a funding opportunity announcement released in May 2023 as part of the DOE Office of Fusion Energy Sciences’ (FES) goal of creating a “fusion innovation ecosystem.”

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