Fusion Industry Leaders , Hold DC Conference , Looking for Investors.<br />Fox News reports that leaders in the West's <br />emerging nuclear fusion industry are <br />convening this week to attract additional <br />funding to build commercially-viable reactors. .<br />The high-level conference takes <br />place as the industry races to <br />develop the technology ahead of China. .<br />Earlier this month, the Biden administration <br />signed a funding bill that contained <br />$790 million for fusion science programs in 2024. .<br />Earlier this month, the Biden administration <br />signed a funding bill that contained <br />$790 million for fusion science programs in 2024. .<br />Unlike current nuclear fission plants, <br />commercial fusion plants would not produce <br />any long-lasting radioactive waste.<br />According to Andrew Holland, CEO of Fusion Industry <br />Association (FIA), the industry is concerned that fusion <br />will follow the same pattern as the solar industry.<br />Much of the technology used in the solar industry was invented in the United States, but manufacturing was primarily handled in China.<br />It is very clear that China <br />has ambitions to do the same <br />sort of thing, both in the supply <br />chain and the developers. <br />It's time for the U.S. to <br />respond to that challenge, Andrew Holland, CEO of Fusion Industry <br />Association (FIA), via Fox News.<br />According to an FIA report from last July, private <br />companies around the world have invested <br />over $6 billion in fusion technology through 2022. .<br />Fox News reports that the third annual FIA <br />conference is expected to attract an estimated <br />350 attendees from around the world.<br />Last year, the industry gained momentum <br />after scientists at California's Lawrence Livermore <br />Laboratory reported a breakthrough, bringing the <br />technology one step closer to commercial viability.
