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The Fusion Industry Association has released its 2024 Global Fusion Industry Report. The report, which surveyed 45 companies, found that the fusion industry has attracted over USD 7.1 billion in investment, with USD 900 million in new funds since last year. Total public funding increased by 57% in the last 12 months to USD 426 million, showing that governments increasingly see public-private partnerships as central to making commercial fusion a reality. It also showed the United States leading commercial fusion, with 25 companies, followed by the United Kingdom, Germany, Japan, and China. Additionally, employment in private fusion firms grew by 34% to over 4,000.

More information is available here.

The ITER Organization has signed an agreement on technical cooperation with TAE Technololgies. 

This private fusion energy company located in California is developing a proprietary compact, linear device called "an advanced beam-driven field-reversed configuration" designed to operate with hydrogen-boron fuel. Two subsidiaries—TAE Power Solutions (for a more efficient and resilient power grid) and TAE Life Sciences (novel cancer drugs)—complement its fusion power activities, which have been underway since the company's founding in 1998.

The purpose of the agreement between TAE and ITER is "to promote cooperation and exchange in technical fields of mutual interest." "Together, we will work to advance the development of fusion power and a well-trained workforce," said the company in a post on Facebook.

-- ITER Director-General Pietro Barabaschi (second from left) meets (left to right) Chief Technology Officer Artem Smirnov, SVP Fusion Science Sergei Putvinski, CEO Michl Binderbauer, and VP R&D Mike Meekins during a recent visit to TAE Headquarters.

The Board of Directors of Fusion Power Associates (FPA) has announced its 2024 Leadership Awards. The awards will be presented at Fusion Power Associates 45th Annual Meeting and Symposium "Fusion Energy: Progress, Challenges and Promise," December 2-3, in Washington, DC.

Ian Chapman (UKAEA, left) is recognized for the broad range of his technical and management skills, including the completion of the JET scientific mission and the expansion of the UKAEA Culham Laboratory's role in establishing a UK national focus on moving more quickly toward fusion power.

Constantin Haefner (Fraunhofer Institut, right) is recognized for his demonstrated leadership in the areas of state-of-the-art laser and optical technology for inertial fusion, high energy density physics and the generation of secondary sources for a range of applications, and the role he is playing in elevating national attention on fusion energy development.

FPA Leadership Awards have been given annually since 1980 to recognize persons who have shown outstanding leadership qualities in accelerating the development of fusion as a commercial power source. A list of previous recipients can be found at http://fusionpower.org and click on Awards.

On 2 July, the Fusion Industry Association released its 2024 Supply Chain Report. The report—an updated version of last year's—surveys fusion developers and suppliers to get a snapshot of where the supply chain stands as the fusion industry grows. Designed to capture and analyze trends, challenges, and opportunities within the industry, the report "aims to serve as a resource to better understand the scope of supply and demand in fusion energy, and to guide investment and policy strategy to support the realization of commercial fusion power at scale."

More information available here.