Feds commit $50 million to for-profit nuclear fusion companies, chasing the ‘holy grail' of clean energy [CNBC]
Salesforce, Inc. (CRM)
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Source: CNBC
At the Global Clean Energy Action Forum in Pittsburgh on Thursday, the Department of Energy officially announced $50 million will go towards private fusion companies in public-private partnerships. “This money signifies that the U.S. government is getting serious about building a fusion program that will have commercial significance, on an accelerated timeframe,” Andrew Holland, the CEO of the Fusion Industry Association , an industry trade group, told CNBC. “If the U.S. government puts its full weight behind accelerating fusion energy to the grid, it could bring a transformational new energy source to the U.S.,” Holland told CNBC. Conventional nuclear reactors are based on nuclear fission, where a neutron slams into a large atom and splits it, releasing energy in the process. Nuclear fusion is when two heavier atoms slam together to form a heavier atom, and is the way stars are powered. It is often seen as the “holy grail” of clean energy because it offers virtually unlimited
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