Fusion systems company SHINE Technologies has notified the Nuclear Regulatory Commission that it intends to submit a license application to build and operate a pilot used nuclear fuel recycling facility.

Hall

Nuclear energy stocks “have become far more compelling to many investors in recent years,” and “there are good reasons to support this carbon-free source of energy,” according to investment entrepreneur and financial lecturer Jason Hall. In an article recently published by The Motley Fool, Hall discusses the opportunities and risks of investing in nuclear energy companies and offers his perspective on three top nuclear energy stocks.

Nuclear basics and new innovations: Hall started at the beginning, describing the most basic aspects of nuclear energy: the production of heat through fission, the generation of electricity via turbines, and the mining and enrichment of uranium for fuel. He noted that there “are only a small handful of companies with the expertise and financial strength to deal with nuclear reactors, and almost all are either private, state-owned, or the subsidiary operation of a large industrial conglomerate.”

Ken Petersen
president@ans.org

I have jumped on the fusion power bandwagon! Power from fusion is going to happen. When I look at it, there are several factors that reinforce this. Technology has advanced and moved from basic science/research to engineering solutions. Several breakthroughs in supportive technologies have made fusion power plants a possibility. Finally—and most importantly—the private sector is heavily involved and investing to help move engineering solutions forward. This has resulted in a few dozen fusion companies developing different technologies with the same power generation goals. It is very reminiscent of the development of LW fission reactors in the 1950s and ’60s.

Technology has advanced in regard to materials and especially high-temperature superconducting magnets, high-energy lasers, and computer modeling. These improvements have allowed machines to become smaller and achieve the density, temperature, and time needed for fusion to occur.

The Nuclear Regulatory Commission on October 4 made available preliminary proposed rule language for the licensing and regulation fusion energy systems. The proposed rulemaking, which would amend parts 20, 30, and 51 of Title 10 of the Code of Federal Regulations, would provide a limited-scope, technology-inclusive regulatory framework for a broad array of fusion systems currently under development.

Having decided “to not associate to the Euratom Research and Training program (Euratom R&T) and, by extension, the Fusion for Energy Program,” the government of the United Kingdom announced plans on September 7 to support its homegrown UK Fusion Strategy by investing up to £650 million (about $811.8 million) through 2027 in a suite of research and development programs to support the country’s fusion sector and strengthen international collaboration. The funds are in addition to the £126 million (about $157.3 million) announced in November 2022 to support U.K. fusion R&D.

The Department of Energy announced $29 million in funding for seven team awards for research in machine learning, artificial intelligence, and data resources for fusion energy sciences on August 31. In all, 19 institutions will build algorithms to address high-priority research opportunities in fusion and plasma sciences using interdisciplinary collaborations of fusion and plasma researchers teamed with data and computational scientists.

The Department of Energy’s Office of Science announced $112 million in funding on August 14 for 12 projects designed by fusion scientists, applied mathematicians, and computer scientists to apply high-performance computing and exascale computers to complex fusion energy problems.

The list of projects and more information can be found on the Fusion Energy Sciences homepage.

U.S. Congressman Chuck Fleischmann (R., Tenn.) speaks at the ETEC NOW Conference in Knoxville. (Photo: Type One Energy

Type One Energy Group, a Madison, Wis. –based stellarator fusion energy company, announced the opening of new offices in Oak Ridge, Tenn., during the East Tennessee Economic Council’s fifth annual NOW Conference, held August 1–2 in Knoxville.

Type One Energy’s expansion into Oak Ridge follows the company’s recent funding of an oversubscribed seed round of $29 million. The company is also one of eight fusion developers that was selected by the Department of Energy in late May to receive a total of $46 million in funding to kick off the public-private Milestone-Based Fusion Development Program, aimed at developing fusion pilot plant designs.

SHINE Technologies, a Wisconsin-based medical isotopes and fusion technology company, announced today that it has demonstrated clearly visible Cherenkov radiation produced by fusion for what is believed to be the first time in history. Cherenkov radiation is the characteristic blue glow typically seen in underwater fission reactions.

The Department of Energy is providing $4.6 million in funding for 18 projects at national laboratories and U.S. universities to help address critical scientific and technological challenges in pursuing fusion energy systems.

Proponents of inertial fusion energy celebrated in December 2022, when researchers at the National Ignition Facility at Lawrence Livermore National Laboratory achieved fusion ignition by subjecting a carefully crafted diamond cryogenic sphere containing frozen deuterium-tritium fuel to NIF’s laser energy. NIF has yet to repeat the feat, in part because that facility was not designed to produce fusion energy, and ignition requires near-perfect targets. For inertial fusion energy to serve as a reliable power source, it will require swift, reliable, and economic target production.

Commonwealth Fusion Systems (CFS) and Tokamak Energy Inc. are the two magnetic confinement tokamak fusion developers to receive a portion of the $46 million in funding announced by the Department of Energy in late May for the first 18 months of a public-private Milestone-Based Fusion Development Program aimed at developing fusion pilot plant designs and resolving related scientific and technological challenges within five to 10 years.

Princeton Stellarators Inc. (PSI) and Type One Energy Group are two of the eight fusion developers selected by the Department of Energy in late May to receive a total of $46 million in funding to kick off a public-private Milestone-Based Fusion Development Program aimed at developing fusion pilot plant designs and resolving related scientific and technological challenges within five to 10 years. The DOE’s selections cover an array of plasma confinement concepts, including the magnetic confinement stellarators being developed by PSI and Type One more than 70 years after the stellarator was first envisioned.

Nuclear Newswire previously took a close look at two of the DOE’s picks: Realta Fusion and Zap Energy (“innovative concept”) and Focused Energy and Xcimer Energy (inertial fusion). Here, we’ll examine how PSI and Type One are engineering solutions to the fusion plasma confinement challenge. Both companies are benefiting from recent advances in computing power and high-temperature superconducting (HTS) magnets. It’s in plans for design, manufacturing, assembly, and control of their stellarators that they differ.

Realta Fusion of Madison, Wis., and Zap Energy of Everett, Wash., are just two of the eight fusion developers selected by the Department of Energy for funding last week under the public-private Milestone-Based Fusion Development Program. They are the two companies with power plant concepts that don’t fit neatly into established fusion confinement categories. As energy secretary Jennifer Granholm said when she announced the awardees, “Some are working on more technically mature approaches like tokamaks and stellarators and laser inertial fusion, and others are working on innovative concepts with lower technical maturity like mirror and Z-pinch, which could lead to more compact and lower cost systems.”

From a crowded field of would-be fusioneers, the Department of Energy has selected eight companies for the public-private Milestone-Based Fusion Development Program to develop fusion pilot plant designs and resolve related scientific and technological challenges within five to 10 years. The DOE announced awards totaling $46 million for an initial 18 months of work on May 31.

General Atomics (GA) and Tokamak Energy Ltd. are each independently developing magnetic confinement fusion power plant concepts that would use a tokamak and high-temperature superconducting (HTS) magnets to confine and shape a plasma heated to over 100 million degrees Celsius. On May 30, they announced a memorandum of understanding to collaborate on HTS magnet technology for fusion energy and other applications.

Granholm

Secretary of energy Jennifer Granholm recently discussed the future of clean energy with Christopher M. Matthews, the U.S. energy editor for the Wall Street Journal. The May 15 live Q&A focused on Granholm’s perspective on the Biden administration’s policies for decarbonization and energy security. Granholm, who mentioned nuclear briefly at beginning of her remarks, returned to the issue at the end of the half-hour interview. In her answer to Matthews’s question, she addressed nuclear industry incentives, safety and waste concerns, next-generation technologies, and fusion.

Fossil fuels? Matthews opened the discussion by noting President Biden’s signing of the Inflation Reduction Act (IRA) last year, allocating “billions of dollars in tax credits and federal loans to boost green energy, including electric vehicles, hydrogen production, and more.” He added, “At the same time, the administration has called on oil and gas producers to increase drilling to slow inflation and to tamp down energy prices.”

Reports released this week point to a clean energy future fueled by atomic energy—if and when pressing supply chain issues can be resolved. Advanced Reactor Roadmap, Phase 1: North America, released on May 15 by the Electric Power Research Institute and the Nuclear Energy Institute, takes a broad look at the deployment of advanced fission reactors and identifies supply chain ramp-up as one key enabler. The Fusion Industry Supply Chain: Opportunities and Challenges, released by the Fusion Industry Association on May 17, focuses on fusion energy supply chain issues.

Lawrence Livermore National Laboratory hosted current and former staff, government officials, and media on May 8 to celebrate the lab’s achievement of fusion ignition at the National Ignition Facility (NIF) on December 5, 2022. Energy secretary Jennifer Granholm and undersecretary for nuclear security and National Nuclear Security Administration administrator Jill Hruby were in attendance, and Granholm took the opportunity to announce funding of up to $45 million to support inertial fusion energy (IFE) research and development. The Department of Energy’s Office of Science (DOE-SC) wants to establish multiple IFE Science and Technology Innovation Hubs (IFE S&T hubs), with total funding for 2023 of up to $9 million for projects lasting up to four years in duration.

Helion Energy, based in Everett, Wash., today announced an agreement to use its first fusion power plant to provide electricity to Microsoft. Constellation, which operates 21 commercial nuclear reactors in the United States, will serve as the power marketer and will manage transmission for the project.