GAO assessment highlights challenges and opportunities for commercial fusion energy

The development of commercial fusion energy, which promises to provide a clean, abundant, and sustainable source of electricity, faces significant technical, financial, and regulatory challenges, according to a report released by the Government Accountability Office (GAO) on Mar 30, 2023. The report, titled “Fusion Energy: Potentially Transformative Technology Still Faces Fundamental Challenges,” provides an overview of the current state of fusion energy research and the potential implications for the U.S. energy system and economy.

The commercial potential of fusion energy has been the subject of much excitement and hype since the announcement of ignition at the National Ignition Facility (NIF) at Lawrence Livermore National Lab after a multi-decade effort. However, commercially viable fusion is not just around the corner. GAO cautions that “several challenges must be overcome to achieve commercial fusion, and stakeholders’ projections of this timeline range from 10 years to several decades.”

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Round 2 of the Energy Program for Innovation Clusters (EPIC) Prize Open

The U.S. Department of Energy (DOE) Office of Technology Transitions (OTT) recently launched the second Energy Program for Innovation Clusters (EPIC) Prize. The EPIC Prize recognizes the nation’s most innovative incubators in the field of energy. EPIC awards cash prizes to regional incubator teams that submit the most creative and impactful plans, then implement those plans to develop strong clusters, connections, and support for energy startups and entrepreneurs.  A total of $4 million is available for multiple awards. For more information about EPIC and how to apply see the program FAQ. Proposals are due by October 25, 2022.