Zap Energy

Emerson Collective’s #ClimateScienceFair is back with Friends of the High Line, Sept 21-23! ✨ Together, we're gathering the curious of all ages for a weekend of wonder and experimentation as we explore how big, bold, optimistic ideas are already making a difference. 🌎 Climate Science Fair 🗓  September 21-23 🕑  10a - 7p daily 📍 The High Line @ 14th St. The fair is free and open to the public. Head to https://lnkd.in/eKr7szmd for more info!

New global fusion industry report out now! Today we launch our 2024 report, giving an updated snapshot of where the private fusion industry stands. The global fusion industry has now attracted over $7.1bn of investment, with over $900m of new funds backing the technology since last year. Total public funding increased by 57% in the last 12 months to $426m, showing governments increasingly see public-private partnerships as central to making commercial fusion a reality. Companies remain steadfast in their projected timelines for producing fusion-generated electricity in the 2030s, with 89% of the companies responding to the survey anticipating that fusion will provide electricity to the grid by the end of 2030s, and 70% of the companies saying that milestone will happen by the end of 2035. Over 4,000 people around the world are now employed at private fusion companies. However, there are still major challenges to overcome and, between 2025 and 2030, two-thirds of respondents believe power efficiency will be a major challenge, while the same proportion (66%) believe funding will be a barrier to success. Read the full report to gain further insight into today’s global fusion industry and profiles of the developers. About the Report This is the fourth annual “Global Fusion Industry Report” from the Fusion Industry Association. Responses are based on answers to a survey issued to private fusion companies. This survey should be seen as a snapshot in time; a view of the industry when the survey was conducted in the second quarter of 2024. Repeating the activity year-on-year enables us to see the picture evolving. https://lnkd.in/ehrCBjPM #FusionEnergy #FusionIndustry

Fusion energy is key to solving our current climate crisis. So it’s critical that the fusion industry works together to build public trust. To do that, we must standardize how we evaluate progress. Every fusion concept naturally passes milestones that show it has a viable source of fusion energy and it can commercialize that fusion energy. To help motivate our industry to work together toward this common good, I’ve detailed the standardized approach we use internally to track the ecosystem. Hopefully this is helpful to investors, press, regulators, and the public to use to evaluate real progress. Further, CFS commits to focusing on  company milestone announcements that are: ✔ Easy to measure and interpret ✔ Peer reviewed, as the norm ✔ Shared and celebrated publicly ✔ Easy to understand The path to fusion is paved with extraordinary potential for climate and energy, and while we race against time to make fusion a reality we must also get it right. I urge my colleagues and peers to hold ourselves accountable to science, engineering, and commercial progress. A rising tide lifts all boats. Read my full open letter below and let me know what you think. https://lnkd.in/ejiwP3fz

#FusionIsHere :-) Fusion energy is the hardest, most capital intensive, and complex technology of the 21st century and one of the important breakthroughs of our lifetime. This week's Fusion event at SF Deep Tech Week covered leading technical approaches and strategies to continue the industry's growth. We heard fusion approaches from: Kyle Schiller, CEO at Marathon Fusion Darren Woulfe, Head of Magnet Business Commonwealth Fusion Systems David Gates, CTO at Thea Energy Robin Langtry, CEO at Avalanche Energy Derek Sutherland, Head of Fuze-Q Physics Zap Energy Andrea (Annie) Kritcher, Scientist at Lawrence Livermore National Laboratory Designer of NIF shot (!) Alison Christopherson, Plasma Physicist at Xcimer Energy Corporation JC B. CEO at Fuse And policy, funding, and public-private partnerships perspectives from: Andrew Holland, CEO at Fusion Industry Association Sally Benson, Professor at Stanford Doerr School of Sustainability Ahmed Diallo, Director at ARPA-E Malcolm Handley, Fusion VC at Strong Atomics Thank you to everyone who attended. For those that missed it, subscribe for future updates here: https://lnkd.in/g5DgRa4n Special thanks to Gigascale Capital for sponsoring and @Andrew Cote for their leadership and enthusiasm for Fusion!